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Research Proposal Letter
Dear Congressperson,
I am writing to request your support for the inclusion of financial literacy in school curriculum. As our economy becomes increasingly complex, it is essential that young people have a strong foundation in financial literacy. By learning about topics such as budgeting, investing, and credit management, students will be better equipped to make sound financial decisions throughout their lives.
As Heath (2016) points out in his study, there is currently a patchwork of financial literacy standards across the country, and I believe that all students deserve to have access to this important information. I would therefore be very grateful if you could promote the inclusion of financial literacy in school curriculum at the federal level. With your help, we can ensure that all young people have the skills they need to thrive in our ever-changing economy.
According to a study by the Financial Industry Regulatory Authority (2021), nearly 60% of Americans have less than $1,000 in savings, and 34% have no savings at all. This lack of financial literacy has led to debt and financial insecurity for many Americans. One way to address this problem is to include financial literacy in the school curriculum.
The cost of such a program would be minimal, as it could be incorporated into existing courses such as math or economics. The main cost would be the development of materials and resources for teachers. However, this cost would be offset by the long-term benefits of having a financially literate population.
There are several solutions to the problem of financial illiteracy among students (Abylkassymova et al., 2020). One is to incorporate financial literacy...…Americans, and students could benefit substantially from having their own financial literacy increased to a more adequate level. It is a subject that is currently being neglected but it is also one that can be very helpful to all learners.
The inclusion of financial literacy in the school curriculum is in the best interests of both students and Congresspersons representing them. Financial literacy leads to better decisions about spending and saving, which can improve economic stability for individuals and families. In addition, financially literate citizens are less likely to fall prey to scams and predatory lenders. As such, teaching financial literacy can help protect constituents from fraud and abuse. Congresspersons who support including financial literacy in the school curriculum can thus be confident they are acting in the best interests of their constituents.
Thank you for your…
References
Abylkassymova, A., Mubarakov, A., Yerkisheva, Z., Turganbayeva, Z., & Baysalov, Z.
(2020). Assessment of financial literacy formation methods in mathematics education: financial computation. International Journal of Emerging Technologies in Learning (iJET), 15(16), 49-67.
FINRA. (2021). Large Number of Americans Reported Financial Anxiety and StressEven Before the Pandemic. Retrieved from https://www.finra.org/media-center/newsreleases/2021/large-number-americans-reported-financial-anxiety-and-stress-even
Heath, J. A. (2016). Youth financial literacy in the United States: A patchwork approach.
In International handbook of financial literacy (pp. 369-380). Springer, Singapore.
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