Arizona law requires schools to teach financial literacy

Senator Yee

Senator Yee

By Kyle O’Donnell Cronkite NewsFri Oct 25, 2013 2:49 PM

When Mitch Ruttenberg teaches economics at Trevor G. Browne High School, he ends each semester with lessons on credit cards, taxes, budgeting and other aspects of personal finance.

“It’s the last thing they get from me because I know that’s what they need the most,” he said.

Because his and other economics classes in the Phoenix Union High School District provide that instruction, Ruttenberg said a new state law requiring academic standards in social studies to include personal finance won’t change much.

Although the law prescribes teaching subjects like spending, saving, investments and credit, school districts have flexibility when developing their lessons.

State Sen. Kimberly Yee, R-Phoenix, the law’s author, said many districts are well-prepared to comply.

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