Expanding Personal Finance Education for Georgia High School Students

SAVANNAH, Georgia (WSAV) – The Georgia State Board of Education on Thursday approved proposed revisions to the current economics course for Georgia high schools.

According to the Georgia Department of Education (GaDOE), the revised course will teach students about managing and balancing budgets; understand and build credit; identity theft protection and consumer protection; and understand tax forms, student loan applications and payslips.

Students will also receive a foundation in the fundamentals of economic decision-making, microeconomics, macroeconomics, and international economics, with particular emphasis on how they can apply this knowledge to their own personal finances.

Officials hope students will be able to apply the expanded personal finance instruction to their daily lives after high school.

“I firmly believe that education is about preparing students for life,” said Public School Superintendent Richard Woods, “I have continually heard from parents, students and industry partners that more personal finance education is needed. This revised course will ensure that every Georgia high school student learns essential life skills such as managing a budget, filing taxes, and using credit responsibly, while gaining an understanding and appreciation of market principles. free.

The economics course is required for all high school students in Georgia.

The GaDOE says reviews for the economics course were conducted by an economics review board made up of policymakers, content area teachers, and industry experts in the fields of finance and economy.

The updated course standards will be implemented in the 2022-2023 school year.