TUCSON, Ariz. -- Not all high school students have experience balancing a checkbook or saving for retirement. A new bill in Arizona could ensure students learn this skill before graduation.
Senate Bill 1184 would require students to take a personal finance class before graduation high school. It would require high school economics courses to include financial literacy and personal finance management.
Arizona State Treasurer Kimberly Yee is backing the bill. Here's what she is saying about it:
1 in 8 millennials have debts in collection. This bill will give students the critical, basic life skills to manage their money and have the financial freedom to accomplish anything after graduation.
Hugo Bozzola has a grandson at Catalina High School. He says he thinks the classes would be "very important... They should do it because many times they offer credit cards and they don't know what to do with that and they keep balances that will be very difficult for them to pay."
A senior at The University of the Arizona says she thinks "it'd be kind of smart to have it where you take [a finance class]." Tara Thompson went on to say "I kind of wish that I had [taken a class]. My litter brother is taking one right now and I think he already knows more about it than I do."
Right now, the Bill is in the full Senate for consideration.