“One of the important responsibilities at the state level is to make sure that these students graduate with an education to navigate the waters,” Allard said. “The financial waters are tricky to understand; you shouldn’t have to take special courses in college to understand how to read a mortgage.’’
Grossman, she said, “talked about how there have been people affected within our state from lenders and how some basic financial education could have helped them, and we need to make it mandatory.”
Although bringing the program to all 700 seniors in Quincy’s school system may be cost-prohibitive, the city is at least spreading the word to other districts, by inviting academic leaders to the Credit for Life event, and providing an example for how the program could work.
Braintree High School picked up the program last year.
The bottom line for educators is that showing young people how to budget is an investment that will repay them countless times over.
“I think that if we’re going to be an economically sound community, country, world, people need to know how to handle their money,” Martin said.
Jessica Barlett can be reached at jessica.may.bartlett@ gmail.com.