House Bill 1581: Dollars and Sense
STATEHOUSE - Hoosier students should approach adulthood better-equipped to handle their personal finances because of a bill co-authored by Rep. Matt Bell (R-Avilla).
House Bill 1581, sent to Gov. Mitch Daniels, requires Indiana's public, charter and certified non-public schools to provide financial literacy training for students in grades six through 12.
They will learn important skills about financial responsibility through classes designed specifically for each grade level.
"This is a great step forward toward teaching a new generation of Hoosiers about financial responsibility," said Rep. Bell. "This bill will lead to young people being equipped with the knowledge to succeed financially - knowledge that is important in the best of times but absolutely critical for times we're in now.
"The 18-to-24 age bracket comprises the second largest category of bankruptcy filings nationally, so it is absolutely incumbent that these young people get the tools to make the most of their peak earning years. I have worked on this issue for several years, and I am elated that it will become part of our curriculum."
The bill was amended in the Senate, but the House, by a 90-4 vote, concurred with the changes. If Gov. Daniels signs the bill, it becomes effective July 1.