Nebraska students to get schooled on financial literacy

NORFOLK, Neb. -- Nebraska high-schoolers soon won't be able to graduate without first improving their finance skills.

The Nebraska Legislature adopted a law last month that requires school districts to include financial literacy at the elementary and middle school levels.

The bill also requires students to complete at least a half-credit course in high school on finances before graduating.

The bill, which enjoyed widespread support, was introduced by Sen. Terrell McKinney, of Omaha. It passed unanimously.

State finance officials say that underscores the importance of adding financial literacy to the state curriculum.

"I think it's so critical that we pass a statewide bill that says that every kid will graduate on a level playing field, having been trained in these personal finance skills," said Nebraska State Treasurer John Murante. "And for Nebraska to be able to catch up to the rest of the country, I think it's a really good thing."

The financial literacy requirement will be folded into the State Board of Education's social studies standards.

Districts will have to provide yearly updates to the state beginning in 2024.