DeSantis signs bill promoting financial literacy education in Florida schools

SB 1054 requires high school students to complete a class in money management

Gov. Ron DeSantis talks about financial literacy bill on Tuesday at Wesley Chapel. (Copyright 2022 by WPLG Local10.com - All rights reserved.)

WESLEY CHAPEL, Fla. – Florida Gov. Ron DeSantis signed an education bill promoting financial literacy education in Florida schools Tuesday in Wesley Chapel.

“What the bill’s doing with financial literacy is really providing a foundation for students that’s going to be applicable in their lives, regardless of what path they take,” DeSantis said.

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The bill, SB 1054, revises the “required credits for a standard high school diploma to include one-half credit of instruction in personal financial literacy and money management.”

DeSantis said this requirement will take effect during the 2023-2024 school year.

“This will be provide a foundation for students to learn about the basics of money management, understanding debt, understanding how to balance a checkbook, understanding the fundamentals of investing,” the governor said.

The governor was joined by Education Commissioner Richard Corcoran and Senate President Wilton Simpson for the news conference at Innovation Preparatory Academy.