We all know the importance of managing our finances, but did you know that most high school students graduate without formal education? Unfortunately, this is the reality for many students across the country, but only for a short time. Michigan high school students will now be required to take a personal finance class starting in the fall semester. This is a big step towards ensuring that students are financially literate and prepared for adulthood.
As the cost of living continues to rise, it’s more important than ever for young people to understand the basics of personal finance. From budgeting and saving to investing and managing debt, personal finance skills are crucial for making sound financial decisions and achieving long-term financial stability. And yet, despite the apparent importance of these skills, many students are leaving high school without the knowledge they need to manage their money effectively.
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