Massachusetts CUs Press Bid For Mandatory Financial Ed In Schools

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BOSTON – Time is running short in the state legislature to pass a credit union-supported bill that would require all public students from kindergarten take financial literacy courses.

The bill, supported by the Massachusetts CU League, has passed the state Senate but the opportunities are dwindling for the House to pass it as well.

The bill would require the state Department of Elementary and Secondary Education to add personal financial literacy programs to the mathematics curriculum. The programs would cover borrowing money; understanding loans, credit card debt, interest, online commerce, the rights and responsibilities of renting or buying a home, saving and investing; and planning for retirement.

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