The American Council of Life Insurers invested in U.S. children’s financial literacy Wednesday.
The ACLI hosted the release of the Council for Economic Education’s 2020 Survey of the States, in Washington, at the ACLI’s offices on Constitution Avenue.
The Council for Economic Education supports economics and personal finance educational efforts in K-12 schools.
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The council found, when it conducted the latest survey, that more states have enacted K-12 economics and personal finance education standards.
But the number of states the require some kind of standardized testing, to gauge the impact of the standards, fell to 10, from 16, for economics, and to five, from seven, for personal finance.
ACLI President Susan Neely said Wednesday, in a blog post about the council’s work, that she believes lack of financial education is big reason for financial inequality in America.