The NAIFA state legislative wins continue! This time it’s NAIFA-West Virginia that is celebrating being the 19th state to adopt financial literacy coursework as a requirement for high school graduation. HB 3113 was signed into law by Governor Jim Justice on March 23, 2023. NAIFA-West Virginia worked closely with the West Virginia Education Association to advocate for the bill in both chambers.
In today's modernized world, more young people are exploring entrepreneurship, particularly with online businesses (social media, e-commerce, etc.), thus establishing a bigger need to begin financial literacy education at the high school level. According to a 2019 Experian Consumer Finance Survey, 76% of recent high school graduates said they wished their schools placed more emphasis on personal finance. Further, in 2021, 75% of teens reported wanting more personal finance education.
We applaud the West Virginia Legislature for providing future generations with the resources to establish strong financial futures! NAIFA continues to work tirelessly on the state level to ensure this accessibility for all high school students across the country.