Connecticut Governor Ned Lamont advocates for increased financial literacy education in schools

Connecticut Governor Ned Lamont is leading the charge for financial literacy education in schools, with half of the country now having state laws that require high schoolers to learn essential financial skills. From balancing a checkbook to understanding the basics of credit and loans, these programs are aimed at equipping students with the knowledge they need to navigate the complexities of personal finance.

In an interview with ABC News Live, Governor Lamont emphasized the importance of these programs, stating that they are essential for preparing students for the realities of the modern world. He highlighted the need for practical skills like managing a bank account, avoiding overdraft fees, and understanding the implications of taking out a loan or mortgage.

Governor Lamont also addressed the issue of social media in schools, particularly focusing on the potential security threats posed by apps like TikTok. While acknowledging the risks, he cautioned against infringing on individuals’ First Amendment rights and emphasized the importance of balancing national security concerns with personal freedoms.

With Congress showing eagerness for financial literacy education and bipartisan support for such initiatives, there is a growing momentum for these programs to be adopted nationwide. Governor Lamont’s advocacy for these programs reflects a broader push for practical, real-world education that prepares students for success in an increasingly complex financial landscape.