A recent survey by the personal finance website Wallethub shows that more than nine in 10 Americans should be taught budgeting in schools.
Nevertheless, only 11 of the 50 states have received an A rating from the American Public Education Foundation. To win an A, the state must complete a standalone personal finance course at high school and implement financial literacy education in its K-12 curriculum.
To determine which schools are doing the best job of teaching students’ budgeting skills, Wallethub compared 50 states and the District of Columbia using 11 key metrics. These range from whether students need to take personal financial courses to their school rankings, from their financial literacy test scores.
On the list, Florida ranked fifth as the best state with the highest education.
Best condition:
1. Yuta
2. Virginia
3. North Carolina
4. Georgia
5. Florida
6. Mississippi
7. New Jersey
8. Alabama
9. Tennessee
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10. Nebraska
Worst condition:
43. main
44. Washington
45. California
46. Columbia area
47. Massachusetts
48. Wyoming
49. Montana
50. South Dakota
51. Alaska
Wallethub interviewed several business teachers and noted that states teaching personal funding at schools experienced an increase in literacy rates.
“All high schools need to receive compulsory personal financial education, including guidance on budgeting,” Wallethub analyst Chip Lupo said, “People studying budgets before joining the workforce can make better financial decisions.
