Next Gen Personal Finance

John Pelletier, Director of the Center for Financial Literacy at Champlain College, delves into the current state of financial education in the United States, centering on Pelletier's recent research report that evaluates states based on their personal finance education policies. The discussion underscores the positive strides made by several states, with seven now earning an A grade, while highlighting the potential underestimation of progress as more states are in the process of implementing favorable laws. The bipartisan support for financial education, reflected in overwhelming approval of related bills, is noted, with Pelletier attributing accelerated legislation post-COVID to lawmakers recognizing constituents' financial struggles.The conversation also covers the economic benefits of financial literacy, ongoing initiatives to improve education in various states, and the influence of Pelletier's annual report on shaping state policies.