Delaware receives a “F” in Study Ranking Financial Literacy of High School Graduates
Delaware is usually known for being first, so this is probably a surprise to many of us.
Champlain College’s Center for Financial Literacy, using national data, has graded all 50 states on their efforts to produce financially literate high school graduates.
Delaware ranked among the worst states. But we are hardly alone.
Overall, just 40 percent of states were given grades that you would want your children to bring home from school: grades A or B. Sixty percent of states have grades of C or less, with 44 percent having failing grades of D or F.
According to this study, as a nation, we all could be doing better.
In terms of Delaware; Here’s a summary of what it means to have a “F” in this study:
GRADE F:
The states that flunked have done very little to ensure that personal finance topics are taught in their schools. Some don’t even include personal finance in their educational standards. Others include financial sophistication topics in their guidelines of what should be taught, but they do not require that local school districts actually teach them.
As a Delawarean with kids, I have to ask, shouldn’t we do better?
- University of Delaware is recipiant of SBA Grant to Support R&D, Small Business Innovation
- The Delaware Business Weekly Round Up – July 26, 2013