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Prioritizing personal finance in high school

How do Virginia and North Carolina stack up when it comes to teaching students personal finance?

South Carolina State Senator Luke Rankin recently filed a bill that would require high school students to take a personal finance class.

13News Now looked into financial literacy in Virginia and North Carolina and what the situation looks like for students across the country.

Champlain College in Vermont releases a report card each year of every state’s effort to improve financial literacy.

Virginia and North Carolina are doing better than most states.

Virginia is only one of five states to receive the grade A- a lot of that has to do with recent legislation that requires students to learn about the cost of attending college and student loan debt.  

North Carolina is in the top 12 percent of states and earned a B. The state has personal finance requirements for high school students, but they’re not as specific, and it’s still difficult to measure student achievement.

As a whole, some nationwide numbers suggest kids today aren’t prepared financially.

A 2016 Bank of America and USA TODAY report found that only 31 percent of people ages 18-26 agreed that their high school education did a good job of teaching them healthy financial habits.

And a recent T Rowe Price survey found that 69 percent of parents have some reluctance about discussing finance with their kids.