Utah lawmakers advance financial literacy bill

SALT LAKE CITY (AP) – A measure to ramp up personal finance lessons for high school students is advancing in the Utah Legislature.

A Senate committee voted unanimously Wednesday to approve the bill from Holladay Democrat Sen. Pat Jones.

Utah high school students have been required to take classes on budgeting and basic economics since 2009. But advocates says teachers haven’t been trained well enough to teach the classes, so students don’t take them seriously.

The measure would put $500,000 toward training teachers and related costs.

Bill proponents say not enough people know how to balance a checkbook, make investments or decide on insurance.

State Treasurer Richard Ellis tells the Deseret News the subject is important because personal finances are more complicated than they used to be.

The measure advances to the full Senate.

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