After three years of hard work, my financial literacy mission has been accomplished, well at least for now. As of this week, the financial literacy committee I have been working as a part of had our proposals for year-one approved and over six-thousand-students will benefit come the 2017-18 school year.
Damn that feels good. Why financial literacy you ask? Here are some of the same reasons we presented to our board of education recently.
- We use money our entire lives.
- 61% of New York State College Graduates have debt.
- Their average debt totals $27,822.
- Average Salary of employees with Bachelor degree and less than 1-year experience: $44,350.
- That’s a $2556 a month take home after taxes.
- Our Students asked for it. We surveyed former graduates, and financial literacy was one of the four subjects they wish our High School had better prepared them for.
- 17 States require a Personal Finance Course. In New York State instruction is integrated into another course, and poorly defined.
The first line should be all you need to know. We use money our entire lives, why in the world wouldn’t we expect some education on the topic from someone, anyone.