VIDEO: Magaziner Makes Case For Financial Literacy in Schools Ahead of House Committee Hearing

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Thursday, March 07, 2019

GoLocalProv News Team and Kate Nagle

Rhode Island General Treasurer caught up with GoLocalProv.com News Editor Kate Nagle before the House Committee on Health, Education, and Welfare hearing on Wednesday on legislation to require that financial literacy be taught to all students in Rhode Island’s public high schools.

On Wednesday, Magaziner testified in support of House Bill 5033, which is sponsored by Representatives Joseph McNamara, Mia Ackerman, Gregg Amore, Grace Diaz, and John Lyle.

Magaziner explained that the requirement would be phased in over a number years — and that the Department of Eduction would be required to provide teaching tools online to assist educators with a common curriculum.

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A recent report published by the Treasurer's office outlines the need for personal finance education in Rhode Island schools, the positive impact that financial education can have the long-term financial health of students, and a path toward ensuring that all Rhode Island students receive access to personal finance education.

The report can be downloaded at: treasury.ri.gov/FallenBehind