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Some state lawmakers say too many young people in Michigan don’t know how to handle their own finances.
And it’s time they learned.
A bill in a Michigan House committee, would allow a personal economics course in high school to count toward the state’s required economics credit in Michigan schools.
Currently many schools have such courses, but they can’t be counted toward econ credit.
House Republican Jim Tedder, a former high school teacher, says most students don’t have the financial and economic literacy skills necessary for personal success.
Brian Pierce, a Michigan economics teacher who developed such a course, says young people who enrolled in his class really enjoyed it. But currently it’s not allowed to be included as economics credit under Michigan law, hence the legislation.
Officials with the Michigan Credit Union League and Junior Achievement support the measure. However some others have worried that the bill could lead to dilution of regular economics education.
