BE IT ENACTED BY THE YOUTH LEGISLATURE OF THE STATE OF MINNESOTA YOUTH LEGISLATURE –
Mandate That High Schools Offer A Personal Finance Class.
This bill aims to mandate that all public high schools offer at least one person finance class.
SECTION II - JUSTIFICATION
Many student who leave high school are not financially literate and struggle managing money after high school.
SECTION III - DEFINITIONS
To Offer A Class: Fir a school to have a class that a student may take if they wish.
Public High School: Any education institution with students from grades 9 to 12
Financial Literacy: Understanding of how to manage money, handle debt, budget, and the like.
This act would require funding to pay for what may be an entirely new class in schools. To facilitate this, an raise in
income taxes would be adequate.
SECTION V – PENALTIES/ENFORCEMENT
Any school which does not comply shall receive a cut in state funding.
SECTION VI – EFFECTIVE DATE
This bill will come into effect at the start of the 2027-2028 school year.