At Last, a Positive Trend in American Education

Good news from our classrooms: More and more young people are learning how to manage their money.

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The news from American high schools is pretty negative. Recent data from the National Assessment of Educational Progress (NAEP) indicate that scores in core subjects have dropped to historic lows. In 2024, nearly a third of high school seniors scored below โ€œbasicโ€ in reading, meaning they couldnโ€™t identify specific details in a text to understand its meaning. In mathematics, 45 percent scored below basic, the highest percentage since 2005.

Despite these disturbing reports, there is one trend that is an unmitigated plus. More and more schools are offering courses in personal finance. In 2019โ€“2020, 18 percent of high school students were required to complete such a course in order to graduate. In 2023โ€“2024, this figure rose to 27 percent โ€” a 50 percent increase. Plus, 16 percent of high school students get personal finance content from other required courses, and 37 percent have the option of taking a personal finance elective.

Barry Latzer

About the Author

Barry Latzer

Barry Latzer is an emeritus professor of criminal justice at John Jay College of Criminal Justice. His latest book is The Myth of Overpunishment: A Defense of the American Justice System and a Proposal to Reduce Incarceration While Protecting the Public.

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