The wealth gap in the United States is threatening Americans’ aspirations for social advancement and equal opportunity. Minorities, women and the least educated have some of the lowest financial literacy rates in the nation, a major concern for businesses that see attracting a more diverse workforce as a business imperative.
Our nation’s educators are critical to help curb the gap in financial education. While the responsibility of financial education has traditionally been left to parents, K-12 educators increasingly view it as a shared responsibility that schools can and should take on, starting in the early grades. Educators see the value of teaching students to budget, prepare for the future, and become better financial decision makers. But, educators need more support to adequately teach these skills.