Support Mandatory Financial Literacy Education in Texas
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According to a recent census study, the state of Texas has one of the highest poverty rates in America at 17.2%. While there are many factors that determine this statistic, the way in which we can combat this problem at its source is through education. In 2010, a state wide financial capability survey found that 52% of Texas residents are living paycheck to paycheck which is only marginally better than the national average of 55%. After further research, the study also found that 18% of residents spent more money than their households brought in. These measures are troubling signs for our residents that must be dealt with immediately.
This petition is addressed to the state government, to answer to this growing problem of poverty and lack of financial literacy within Texas. If the government made it a mandatory requirement for high school students to undergo a personal finance class, we believe that financial literacy rates across the state will improve, leading to a gradual fall in poverty rates.
Please sign this petition if you too believe in financial literacy as a mandatory state-wide educational requirement for high school students in Texas.
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