New Program Aims To Expand Teen Financial Literacy Across The U.S. With Backing From Charles Schwab Foundation
14 Sep 2021
Classes like geometry, biology and—increasingly—personal finance fill the average teenager’s high school schedule. Nonetheless, access to quality financial literacy courses remains uneven in the U.S., and fewer than half of states require them for graduation.
The Charles Schwab Foundation hopes to bridge the gap with an ambitious program announced today that plans to make personal finance courses available to every middle and high school in the U.S. by 2025—for free. The charitable arm of the Texas-based brokerage behemoth (it has $7.6 trillion in assets under management) will run the program, dubbed Moneywise America, aiming to train up to a quarter of Schwab’s 32,500 U.S. employees as volunteer instructors.