Above average financial savvy, but just barely

  • Article by: KARA McGUIRE , Star Tribune
  • Updated: December 18, 2010 - 10:06 PM

Minnesotans may be better money managers than the rest of the nation. But we can do better.

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hsusanmnDec. 24, 10 3:30 PM

I strongly agree with changing state graduation standards to require a semester-long personal finance course in high school (with the option to test out of it for those who can already demonstrate proficiency in the required skills). When I attended public schools in MN (graduated from HS in 1995), we were taught the formulas for calculating interest, but nothing whatsoever about financial responsibility/budgeting/etc. Fortunately, my parents were excellent role models and taught me what I needed to know. But those who are not so fortunate have an uphill battle ahead of them personally, as well as a general detrimental effect on the economy by those who make bad financial decisions leading them to bankruptcy.

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