Iowa officials seek to improve financial teaching

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DES MOINES, Iowa (AP) — Iowa students should be learning how to make informed financial choices as part of their education, Gov. Terry Branstad said Monday, as he accepted a series of recommendations from a group charged with reviewing financial literacy teaching in the state.

Iowa school districts are expected to teach certain financial lessons to K-12 students. The group was formed by the state Department of Education to assess the current offerings and provide recommendations for improvement.

Those recommendations include revising the current standards to provide more clarity to districts and establishing ways to measure if school districts are meeting the goals.

"Financial skills are essential. Which is why they are included in Iowa's academic standards," Branstad said. "We know our children need to be financially literate in order to have a bright and successful future."

Department of Education Director Brad Buck said school districts will continue to have flexibility over how they meet these standards. The department has assigned a staff member to oversee the issue of financial literacy and will try to provide resources for teachers and administrators, he said.

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