How to pay bills now a public school requirement in Louisiana
When public school students return to classrooms on Monday they will face a new, mandatory topic -- financial literacy.
Under a 2016 state law, students will be taught the basics of money management, depending on age and grade.
The issue was previously optional for schools.
Topics expected to be taught include savings, banking, mortgages, investing, earning and how to buy a house.
State Rep. Gene Reynolds, D-Dubberly, who sponsored the bill, said much of the financial literacy taught in civics, business math and other courses is out of date and most kids today don’t have a clue about finances.
The legislation was backed and promoted by the Louisiana Bankers Association, which like credit unions, the FDIC and other institutions, offers money management tips online.
The measure, House Bill 401, won Senate approval 36-0 and passed the House 90-0.
Posted on Fri, August 5, 2016
by The Lafourche Gazette