On Tuesday, the PA Senate passed a bill that would require students take a personal finance class during high school.
Senate bill 647 was introduced by Senator Chris Gebhard, who believes that many Pennsylvania students are entering adulthood without knowledge of basic financial concepts. Under the bill, high school students would be required to complete a half-credit financial literacy course as part of their graduation requirements. The classes would give students a basic understanding on many different personal financial components, including credit scores, student loans, home mortgages, and investing for retirement. The courses would become mandatory at the start of the 2026-27 school year.
The bill passed by a vote of 44-5. Senator Joe Pittman was among those who voted in favor of the bill. It now heads to the state house for approval.
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