Audio – Senator Keith Ingram Reporting News From 91st General Assembly
November 16th, 2017 • News

November 9, 2017- Senator Keith Ingram audio report of news from the 91st General Assembly.

  • This year’s ninth graders will be the first class of Arkansas high school students who will have to earn a credit in personal finance in order to graduate. Schools will not have to offer a class dedicated exclusively to personal finance, but they will have to fold the material into other courses, such as economics.
  • State education officials are writing new set of curriculum standards, which the state Board of Education will consider next month during its December meeting. Personal finance classes will teach young people the basics of managing a household, and living within a budget. It will teach them about bank accounts, and the differences between checking and savings accounts. In my opinion, one of the most important aspects of the class will be debt management. More and more college graduates must take on student loans, many of them get their first credit cards while they’re still working toward a degree.
  • A sponsor of the bill said that business owners were growing concerned at employee turnover caused specifically by the worker’s financial problems.
  • The courses will teach young people what goes into their paycheck and what comes out of it, such as tax withholdings, health insurance and other benefits. They will learn the difference between salaried employees and hourly employees. I’m encouraged that the personal finance courses will include preliminary job skills such as the importance of getting to work on time, what to expect in a job interview and meeting your employers’ expectations.
      Click to Listen - Audio Recording from November 16, 2017