Florida became the latest state to mandate a financial literacy course for high school graduation. Last week, Florida Gov. Ron DeSantis signed bill SB 1054 mandating Florida high schoolers to complete a full semester of personal finance education before graduation into law.
The bill, titled the Dorothy L. Hukill Financial Literacy Act, in honor of the late Sen. Hukill requires all students, starting with those who begin high school in the 2023-2024 school year, to take a half-credit financial literacy and money management class before graduating. Earlier this year, the bill was unanimously approved by the Florida House and Senate. Gov. DeSantis said in a statement:
Financial literacy is an important life skill for a student to have. Ensuring our students have the skills to manage their finances and perhaps one day own a business will pay dividends for our state. I am proud to sign this bill to support the future of Florida’s students and ultimately their families and communities.
Research shows that students who acquire high-quality personal finance education in high school manage their finances better as adults. The new law makes Florida the 11th state in the country to include financial literacy as a mandatory graduation requirement. Currently, 47 states include personal finance in their high school curriculum.
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