Why Teach Economics to K-12 Students?

An economically literate population is crucial to our well-being. The world is changing rapidly, driven by economic, demographic and technological forces. Today's marketplace is truly global, and continues to change daily. Meanwhile, tomorrow's producers and consumers are in grades K-12. Without a clear understanding of their economic system, how will they be able to function effectively in a world that is sure to look very different in 5-10 years?

An entrepreneurial spirit is even more critical in today's economy. As U.S. industries restructure, downsizing will continue. Workers must recognize that their jobs aren't guaranteed for life and that they will need to take responsibility for their own futures. Now, more than ever, high school graduates need practical skills and experience to succeed in an increasingly complex business environment. Without these skills, their opportunities are limited. And without teachers trained in economics and financial literacy skills, our students will graduate with an incomplete education.