Education in personal finance is on a tear—and there’s a payoff

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Financial literacy seems to be on its way to becoming a standard part of K12 education. Seven states passed laws or made regulatory changes this year requiring courses in the subject, according to a count by the Council for Economic Education, bringing the total to 30.

In the Commonwealth of Virginia, a law requiring the course was passed back in 2005. At a recent econ and personal finance class at Hayfield Secondary School in Alexandria, outside of Washington, D.C., students are learning about entrepreneurship, starting with some history.

“Who was the first American woman to be a self-made millionaire?” asked teacher Sharon Paul.

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