April is Financial Literacy Month. Financial literacy is an empowerment tool and a foundational part of building a successful life. In 2023, the Connecticut General Assembly passed a bipartisan bill that requires students to complete a half-credit course in personal financial management and financial literacy in order to graduate from Connecticut public high schools. It also adds personal financial management and financial literacy to the state’s required program of instruction for public schools.
Making financial literacy a graduation requirement will provide students with a capacity for informed decisions when it comes to banking, investing, and protecting their money while facilitating future financial independence. Conversely, financial illiteracy has detrimental downstream effects.
Let’s work together to use financial literacy as an opportunity to encourage students and their families alike to engage in learning more about their finances. You can start by checking out the following resources:
Financial literacy is as important as math, science, and reading as a tool for lifelong financial security, ultimately creating prosperous families and robust communities for a stronger Connecticut.
