New school standards aimed at improving student financial sense

https://www.ilnews.org/news/schools/new-school-standards-aimed-at-improving-student-financial-sense/article_88a9800a-9259-11e7-be18-67ed7997e419.html

SPRINGFIELD, IL – (Illinois News Network.  Please click on the link above for the full story.  Here is an excerpt below.)

Students in Illinois public schools will become more financially savvy with the implementation of new financial literacy standards starting this year.

The Illinois Treasurer’s Office, Illinois Department of Financial Professional Regulation and Econ Illinois, a non-profit advocating financial literacy, spearheaded the effort to bring about revisions to social science standards to include economics as well as the newly created financial literacy standards for all students in elementary through high school.

The standards were approved in February 2016 to be implemented beginning in the 2017-18 school year.

“Research shows that students as young as the age of 6 are able to cognitively grasp that it’s a good idea to save,” Harrison said.

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