Fed’s Duke Says Financial Literacy Should Be Taught in Schools

Federal Reserve Governor Elizabeth Duke said that school-age children should be taught financial literacy concepts to help prepare them for the complicated financial decisions they’ll need to make later in life.

“It is important that these skills be included in curriculum and measured in student achievement tests,” Duke said in remarks prepared for a speech in Boston today. “If our schools can’t spare the resources to provide financial literacy as a subject unto itself, I believe that the concepts required for sound financial decision-making should, at a minimum, be incorporated into existing subject areas.”