Financial literacy bill approved by Kansas House

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TOPEKA, Kan. (AP) - Kansas House members have approved a bill that would require public school students to receive instruction on personal financial literacy and how to give a professional handshake.

Wednesday’s 110-12 vote sends the measure to the Senate. The bill would revise financial literacy standards for all grade levels. The material would be taught in math classes or other appropriate courses such as family and consumer science or economics.

Proponents say students need to know more about managing money. Topics to be covered in the instruction include saving and investing, credit and debt and the importance of setting a budget.

The bill also requires the State Board of Education to give lawmakers a report on student scores on financial literacy tests before the start of the 2015 legislative session.

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