The Pennsylvania Task Force on Economic Education and Personal Financial Literacy Education, established by Act 104 of 2010, spent fourteen months studying research, best practices and trends in financial education in order to formulate recommendations on how to improve financial education in Pennsylvania’s schools. The entire report can be downloaded here. Below are the key findings and recommendations.
In researching the trends and needs in financial education, the Task Force found:
Current efforts to teach personal finance in Pennsylvania’s public schools today are fragmented and inconsistent depending on which of the 500 school districts a student attends. To ensure that every student receives the instruction they need to make informed decisions about saving, spending, investing and protecting their money, the Task Force made the following recommendations to Governor Corbett and the Pennsylvania General Assembly: