Infuse Digital Assets to Jumpstart Financial Literacy in America’s Education System

Regardless of socioeconomic status or race, most Americans struggle with financial literacy. Yet, financial education is the first line of defense against digital asset scams, and is key to empowering consumers to mitigate risk. Research shows instruction should begin in the K-12 public school system to ensure all young people are able to navigate the complexities of traditional and decentralized finance. It is counterintuitive to continue to prioritize traditional principles, such as balancing a checkbook, which most students will never even own. Currently, 23 states require high schools to offer financial literacy courses. However, only 17 states mandate a standalone personal finance class as a course requirement for high school graduation. And just one state includes cryptocurrency among curriculum topics. Schools can and must bridge the gaps. Data shows Generation Z is embracing decentralization and creating new metrics for wealth creation that include alternative financial instruments often labeled as risky. Thus, it is imperative to ensure future generations have access to educational resources from reputable sources in order to make informed choices as consumers, retail investors, and heads of households. Mayors and Governors should take the lead and advance legislation to require 21st century financial literacy education in public schools.

By Cleve Mesidor & Mali Smith^[1]

I. INTRODUCTION

America’s financial system is in crisis. Regardless of race o