Lawmaker calls for financial literacy graduation requirement
A state lawmaker has proposed changing Michigan’s high school graduation requirements to include instruction in financial literacy.
The state core curriculum includes instruction in math, English, a foreign language, health, science and social studies.
Republican Representative Dianna Farrington says that should also include learning about managing credit, student loans, mortgages and budgeting.
“And I just want to make sure that we are educating our young adults to go out into the world and use this as a life skill for the rest of their life.”
To compensate for the change, Farrington would drop the two-credit foreign language requirement by half a credit. Farrington chairs the House Financial Services Committee.