A proposal for a personal finance class to be added as a graduation requirement for the next school year was heard by members of the Prairie View USD 362 school board during their Feb. 9 meeting. Andrea Richardson, a high school teacher at Prairie View, met with board members to discuss the proposal.
The class would be a single-semester course for high school seniors.
The proposal stated this, regarding the rationale for adding the class:
“It is no mystery that our great nation is in excessive debt. Beyond the grand scheme of the economy of our nation, lack of financial planning is also causing major problems in American households.
“According to a ‘Parenting Magazine’ poll, 49 percent indicate that they could not cover even one month’s expenses if they were to miss a paycheck.
“According to a survey conducted by StatisticBrain.com, 25 percent of American families have no savings at all, and 40 percent of Americans are not saving for retirement.
“Our school district must do something to help students learn to manage money and prepare for the future.”
One option the proposal called for was a class in financial literacy, which refers to the set of skills and knowledge that allow an individual to make informed and effective decisions with all of their financial resources.
Currently, according to the proposal, 14 states have a financial literacy requirement for graduation. Kansas is not one of them.
After more discussion, the board agreed that it would be prudent to add the personal finance class as a graduation requirement for Prairie View High School.