NC's Hagan Introduces Bill On Financial Literacy

North Carolina Sen. Kay Hagan's first bill is promoting financial literacy.

The Democratic lawmaker started work on Capitol Hill in January.

She said Wednesday her first bill would create grants for states that agree to include financial literacy material into curriculum for students from sixth grade to 12th grade.

Hagan said she wants students to get financial training before going into college or the work force.

Hagan wrote a bill in the state Senate that required financial literacy education in North Carolina public schools.

Hagan said much of the mortgage crisis might have been avoided if people had a better handle on managing finances.


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  • by ace Location: plymouth on Jun 26, 2009 at 06:30 AM
    Finical Literacy: Courses on how to get more social aid, welfare, use childeren to get money, apply and get a free Pell Grants. Why will it be required. It seems most of the students and their parents know more about free financial issues than the tax payers that support them. Get those votes Key.
  • by Melvin Location: Jacksonville on Jun 25, 2009 at 03:45 PM
    Great throw more money at an untenable problem. This is always the political answer."If we just had more money,we could cross that educational divide." If the government run education system would stop spending money on feel good projects, there would be more money for qualified teachers. Another point is forcing parents to be parents. Teachers spend inordinate amounts of time dealing with pain in the backside students,texting, cheating, and trying to separate students who are in heat. Schools lack discipline because it is not demanded from the students because it might curtail their exploring and creativity. This is nothing more than a complete crock. the government run education system needs to go back to being institutes of learning instead of social clubs.
  • by voter Location: nc on Jun 25, 2009 at 03:01 PM
    great idea hagan. but first,,,maybe teach them to read and spell their name.
  • by Sam Location: Williamston on Jun 25, 2009 at 07:29 AM
    I have had the history of disagreeing with lots of things that Kay Hagan has been for, but I think that this is a great idea. People need to become more financially literate these days than what they are, especially the younger ones. As far as having much of the mortgage crisis being avoided, I would agree that it would have been the case had people had the better handle on managing finances, and that's pretty much all of the economy. As far as who would teach the class, I doubt any politician would be teaching that in a school, they probably think that they would be too good for something like that. Obama Snake Oil, your last sentence on your post I agree with that as well. Illegals are even a bigger problem, and that reminds me yesterday I heard that the State of California was denied a bailout from the Feds after being bailed out once already for their major deficit, but yet I also heard some Cali Dems refuse to stop supporting illegals out there. That makes problems there.
  • by Dwayne Location: Greenville on Jun 25, 2009 at 07:19 AM
    Looks good on the surface. However, we are expected to believe that politicians that have not and refuse to exercise fiscal responsibility to pass legislation requiring our children to do what they will not do? Big Brother say's "Do what I say, not what I do. Hypocrits.
  • by Obama Snake Oil Co Location: Washington on Jun 25, 2009 at 06:14 AM
    Yea Buzz and Curious, I certainly don't want our current politicans to teach our kids anything. They already failed the grade. They don't even get pass economics. Since when did Jimmy Carter economics work? Trickle up? I am telling all of you until illegals immigrants are under control, our wallets and bank accounts won't be.
  • by Buzz Location: MillCreek on Jun 25, 2009 at 05:40 AM
    that's funny Curious, that was my first thought when I read the headline. Having the gubment teach kids about money and budgeting is like getting a junkie to teach a drug abstenance class. Not that the kids don't need to learn the skills, because I know they do. Maybe the schools will enlist local small business owners and people that have actually shown proven fiscal skills to come in and teach, that would be OK. Buzz-
  • by Curious Location: Plymouth on Jun 25, 2009 at 04:45 AM
    Maybe Kay and the other budget busters will be the first to enroll for classes.
  • by Leon Location: Greenville on Jun 25, 2009 at 03:58 AM
    Kay, This is a great idea that has been long overlooked. I suggest they read rich dad, poor dad for starts.
  • by tug Location: New Bern on Jun 24, 2009 at 08:59 PM
    I thought they already taught this. Its called math. Only spend what you make. When the payments are more than your paycheck, your in trouble.
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