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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