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While the majority of high school students won’t have to worry about filing taxes this year, the Turlock Unified School District is offering financial literacy courses to give them the tools they need in the years to come.

“TUSD students have the opportunity to learn about financial literacy through several secondary school courses, including College & Career Seminar, Business & Finance and Economics,” said communications coordinator Marie Russell. “Topics covered include income tax bases, banking, credit/debit cards, interest rates and investing.”

The district providing these courses to students is not required because the state of California does not have a requirement for personal finance courses in high schools. Learning to make responsible financial decisions can help students avoid difficulties as they grow up.

A study by the FINRA Investor Education Foundation compared three mandated states to three that do not require coursework and found that credit outcomes improved in the mandated states. Three years after the introduction of education in Georgia, Idaho, and Texas, all three states saw serious crime decrease and their credit ratings improve.

According to the Federal Reserve, two out of three families have no emergency savings at all; 78 percent of adults live paycheck to paycheck; and three out of five adults do not have a monthly budget.

In addition, US adults, on average, answer only 50 percent of the questions correctly TIAA Institute-GFLEC Personal Finance Indexwhich annually assesses financial literacy among US adults.

Financial experts emphasize that there are a lot of rResearch suggests that teaching financial literacy early leads students to feel better about their financial decisions in the future. According to a study by Institute for Poverty Research, Financial literacy reduces the likelihood of young adults taking out payday loans. According to a study, it correlates positively with wealth accumulation up to the age of 25 Brookings Economic Study.