Georgia Will Now Mandate Personal Finance Education in Schools
This year, Georgia’s Governor Brian Kemp signed into legislation a requirement for high schoolers in Georgia to receive some sort of personal finance education starting in 2024. This goal for this new requirement is to educate high schoolers about money management and credit management before they turn eighteen and have to figure it out for themselves. In the United States, there’s currently about $866 billion in credit card debt, and Georgia ranks 16th in the county for how much credit card debt its residents have. Over the last year in the US, we’ve seen a 13% increase in revolving credit card balances. Unfortunately, many students who go to college and get a four year degree will graduate with anywhere from $20,000-$100,000 in student loan debt. Mandating personal finance education in schools will hopefully better educate high schoolers on financial principles before they make important decisions, graduate and enter the real world.
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