Treasurer to study how schools teach financial literacy

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PROVIDENCE, R.I. (AP) — Rhode Island’s treasurer is studying how financial literacy is taught in schools.

Treasurer Seth Magaziner, state Sen. Sandra Cano and Rep. Joseph McNamara announced the statewide study.

Magaziner says there’s a pressing need for high-quality financial education for students, but there are no statewide standards for teaching financial literacy. He says he’s hoping educators will share information on their successes and challenges.

McNamara, a Warwick Democrat, is chairman of the House Health, Education and Welfare Committee. He says too many young people are not fully aware of the long-term implications of their financial decisions.

The study is part of a larger effort to expand financial empowerment in Rhode Island. Magaziner launched a roundtable a year ago to bring stakeholders together to share ideas. They are scheduled to meet July 23.
 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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