AP – Economic crisis spurs personal finance classes

The need for personal finance in the current economy hasn’t escaped several educators and is now receiving continued national exposure, this time by media news source the Associated Press. In Indiana, high school teacher Daniel Jackson is just one of many educators now discussing mortgage loans, interest rates and more with his students. The AP story cites the recommendations of the President’s Advisory Council on Financial Literacy to mandate financial education for students K-12.

The President’s Advisory Council on Financial Literacy — formed last year to help more people understand basic money ideas — supports requiring financial education in kindergarten through 12th grade. Too many people are obtaining mortgages they don’t understand and can’t afford, while others lack skills to keep a budget, understand credit or save for the future, said Charles R. Schwab, the group’s chairman.

To read the full story, look here.