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Opinion: Marylanders would benefit from real economic education

April 10, 2022 3:32 PM | Dawn Baker (Administrator)

Ramon Looby is president and chief executive of the Maryland Bankers Association. Julie Weaver is executive director of the Maryland Council on Economic Education.

To improve financial resiliency and build a brighter and more prosperous future for our children, the time is now to support expanded access to financial education for all students in Maryland.

In its latest state-by-state survey, the American Public Education Foundation gave Maryland a C grade for its stagnant implementation of financial literacy standards in schools. Unfortunately, this mediocre evaluation did not come as a surprise for many Maryland parents with school-age children. Despite being widely supported by parents and students, only eight of Maryland’s 24 public school systems have financial literacy graduation requirements mandating that students complete a financial literacy course before graduating from high school.

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