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In 2007, the Oklahoma Legistalure passed a law called "The Passport to Financial Literacy Act" that requires students, beginning in the 7th grade, to demonstarate "financial proficiency in 14 areas" to acheive a high school diploma. Other schools with the help of the National Endowment Fund for Financial Education have incorporated programs to increase the levels of financial literacy among students. Critics of this program state that these prgrams are not helping the overall financial literacy levels of high school students upon completion. It is not plausable to state that these financial programs are useless, because these programs need to work in correcpendence of parents teaching their children good financial habits within their own homes.

There are ways for students to gain financial literacy and this article is mentions plans for student programs to help do this. The article talks about how some finance classes don't help a students understanding of finances, and mentions to have financial literacy it might have to begin in a person's childhood.

Davis' study of the necessity for financial literacy is interesting and examines the cost benefit ananlysis for financial literacy courses. The study is done with Texas PTA parents and their willingness to allocate additional funds for financial classes. Davis addressses the growing problem of American students and their lack of finacial knowledge. Overall a valuable article to examine the publics willingness to provide funding for financial education

The article discusses financial-literacy programs at universities and colleges in the United States. Programs like Texas Tech University's help its students master the basics of budgeting, saving, and not buying what they can't afford. These programs are especially important as colleges grapple with rising costs and an economic downturn in the country. The author states that financial literacy affects student retention, productivity, and mental health, and may also generate good will in a time when colleges are being criticized for repeatedly raising tuition, fees, and housing costs. (From the EBSCO abstract.)

The article focuses on the problem of college debt and knowledge about financial terms. It also goes into discussion of what some universities are doing to help this problem by offering classes/seminars. Valuable article.

Article from Kansas City Gazette. Describes a bill proposal to increase financial knowledge in the US. The problem specifically lies with young adults and college students. It provides statistics as well as some startling facts to the problems with credit card debt and financial literacy.

A 20 page survey on the impact of financial literacy classes and survey results. The surveyor examines results from every state and uses many detailed questions. His surveys included results by race, gender, and location along with many others. The stastics are starteling and valuable for research on financial literacy.

Mandell and Lewis explain that young adults possess insufficient knowledge when it comes to the world of personal finance. This assertion is not new and many researchers have come to a similar conclusion, but the two authors believe young adults in other countries such as Japan and Australia lack financial literacy. Their study focused on whether teenagers lack of motivation inhibited their assimilation of information during finance classes. the researchers believe teens just don't believe financial literacy is important. Their study included five national surveys, with results broken down by different demographics such as sex, race and family income.

A psychological article about college students and financial management. The study examines debt and spending habits of students and how that may of occured. Their are statistics of demographics, financial classes, and even personality types and their relationship to debt. Could provide a good viewpoint of sociological and psychology factors for research.

The article states that especially in times of economic trouble, no one can afford to be financially illiterate. The authors focus on the management of debt and college students. Specifically they address credit cards and student loans. They also speak of how certified public accountants are great educators for this problem. A valuable article to relate Accounting classes for students and their financial literacy.