Lynn Public Schools Expanding Financial Literacy Curriculum: Empowering Students for a Secure Financial Future

Introduction

In recognition of the growing need for financial literacy among high school students, Lynn Public Schools (LPS) is taking a proactive approach by expanding its financial literacy curriculum at Lynn English, Lynn Classical, and Lynn Tech. This initiative aims to equip students with the knowledge and skills necessary to make informed financial decisions, fostering their long-term economic success.

Curriculum Expansion

In the fall of 2024, LPS will introduce a Personal Finance course as part of its history and social studies department. This course will focus on teaching students the fundamentals of personal finance, including budgeting, saving, investing, and credit management. Additionally, the district will continue to offer its Financial Algebra course through the math department, providing students with practical applications of mathematical concepts in financial contexts.

Rationale for Expansion

Growing Student Demand:

LPS Assistant Director of Curriculum, Kristen Tabacco, cites the overwhelming response from a recent survey conducted among high school students in Lynn. The survey revealed significant student support for financial literacy courses, highlighting the need for such programs.

Preparing Students for Financial Decision-Making:

Tabacco emphasizes the importance of teaching teenagers responsible spending habits, as many students are already working and facing their first financial decisions, such as whether to pursue higher education. The curriculum expansion aims to empower students to make informed choices that set them on a path toward financial success.

Addressing Diverse Needs:

With over 35% of Lynn’s population born outside the country, Tabacco believes that enhancing the district’s financial literacy curriculum will particularly benefit first- and second-generation immigrants. Many immigrants face challenges navigating the American financial system, and the new courses will provide them with the necessary knowledge and tools to succeed.

Financial Education Innovation Fund Grant

LPS recently received a $6,900 Financial Education Innovation Fund Grant from the state treasurer’s Office of Economic Empowerment. These funds will be utilized to host a Credit for Life Fair in the fall. This event will engage students in a mock “game of life,” where they make career choices and encounter various expenses, debts, and salaries associated with adulthood.

Conclusion

The expansion of Lynn Public Schools’ financial literacy curriculum is a commendable initiative that recognizes the critical role of financial education in shaping students’ economic futures. By incorporating Personal Finance courses and hosting events like the Credit for Life Fair, LPS is empowering students to make informed decisions, navigate financial challenges, and achieve long-term financial success. This initiative serves as a model for other school districts seeking to equip their students with essential life skills for a financially secure future.

Call to Action

Are you a high school student seeking to enhance your financial literacy? Reach out to your school counselor or visit the Lynn Public Schools website to learn more about the expanded curriculum and how you can get involved. Take charge of your financial future today!