March 23, 2022 Updated 8:55 A.M. ET
TALLAHASSEE (FCV) – Only one day after passing both chambers of the State Legislature, Florida Governor Ron DeSantis (R) signed a bill into law requiring students complete a financial literacy course for graduation in all Florida high schools.
Passed in the midst of the final week of legislative session, S.B. 1054, or the “Dorothy L. Hukill Financial Literacy Act,” sailed through the bicameral state legislature with a tremendous amount of support. Both the State House and Senate approved the measure unanimously.
Just prior to DeSantis signing the bill, the Governor stated, “Financial literacy is an important life skill for a student to have.”
“We think it will improve a student’s capability for financial management when they enter the real world.”
Florida is now the seventh state to enact a law requiring a separate personal financial literacy course to graduate high school. The Florida law takes effect for students entering high school in the 2023-2024 school year. It will not affect those who are currently enrolled.
Students will be required to complete one half credit in personal financial literacy and money management. This could include courses on different types of bank accounts , credit scores, taxes, and managing debt – topics that critics of the American education system have been asking to be included for years.
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