The plandemic exposed America’s financial literacy gap😱 — now lawmakers want $$ management to start in the classroom💪


Taxes 101! ...a class we all wish we would've taken in the wonder years. The pandemic + soaring prices have stressed American wallets, highlighting the importance of financial literacy (think: saving, budgeting, investing). Layoffs left millions struggling to afford childcare and rent, and 1 in 10 families had difficulty stocking fridges. Meanwhile, stimmy payouts padded savings and sparked a surge in young retail investors. Now:

Money is the second-most discussed topic for parents and teens (after Covid) as high food and gas prices eat into family budgets.

93% of teens believe financial knowledge is crucial to achieving their life goals, yet most 15-to-18-year-olds fail basic fin lit tests.

The financial literacy deficit cost Americans $350B last year (think: overdraft fees, high-interest loans).

Whiteboards & wallets... High school often marks a transition from summers scooping ice cream to financial independence — but more than half of teens feel unprepared. For college students, poor money management skills can lead to maxed-out credit cards, late bills, and dropped degrees. Now lawmakers are stepping in:

Last year: Half of states proposed bills requiring personal finance courses in high school — a trend accelerated by Covid and record student loan debt.

Last month: Florida became the largest state to mandate that all high school students take a personal finance class to graduate.

This year: A record 25% of US high schoolers are expected to take a personal finance course before graduation, up from 20% last school year.


THE TAKEAWAY
Financial literacy is an investment… in future stability. Early money management skills can lead to better credit scores, lower debts, and higher savings down the road. Some experts even say parents should start teaching kids about money as early as preschool. But financial literacy is more likely to be taught in wealthier districts. Equitable financial education could empower the next generation and help bridge America's wealth gap.

Now enroll in the first 3D Virtual University structured for focusing on the restoration of the omitted education needed to build foundations and solidify wealth for our younger generation.

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