In a recent release, Senator Mike Bohacek commented that many young Hoosiers enter the workforce or go to college with little to no financial education. He said, “Young people often face questions, like how do I open a bank account? Should I apply for loans or credit cards? What insurance policies do I need? These questions sometimes go unanswered and can even lead to poor financial decisions that can have long-term impacts.”

Currently, Indiana high schools can offer financial literacy courses as an elective, meaning some schools offer it and some schools do not. Bohacek said, “As your state senator, I support legislation that would require public and charter high school students to pass a financial literacy course before graduation, putting our young adults in a better position to succeed post-graduation.”

The senator said, “Requiring high school students to pass a course on financial literacy would give our Hoosier students the skills to effectively manage their money and make strides in building on our already strong economy and workforce.”