Senate Bill 25 would make financial literacy courses a requirement for graduating high school in Indiana.
Some of the topics that the course would cover include understanding spending and saving, opening and managing a bank account, debt management, receiving an inheritance, retirement and investment accounts, doing taxes, navigating insurance and applying for a loan.
Monroe County Community School Corporation already incorporates some of these financial literacy skills into existing curriculum. Students in MCCSC high schools can choose to take a personal financial responsibility class.
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However, Monroe County Community School Corporation said in a statement they do not support the addition of “a course requirement that may lessen a student’s exploratory options.”
They also said they do not support “replacing higher-level math courses with a financial literacy course.”
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If the bill passes, the financial literacy course will become mandatory for high schoolers graduating in or after 2028.