Vermont’s public schools generally do well in national rankings. The National Education Association and U.S. News both rank Vermont schools fifth best in the nation. Education Week, an independent news organization that covers K–12 education, says Vermont is third best. Vermont’s 91.4% graduation rate is well above the national median of 78.6%.
Despite good grades overall, many Vermont schools fail miserably concerning teaching financial literacy. According to the 2018 report from Vermont’s Financial Literacy Commission, Vermont ranks in the bottom third of states in offering personal finance education. In 2017, the commission gave Vermont schools a D grade in teaching financial literacy in part because only 22% of Vermonters have participated in financial education.
According to State Treasurer Beth Pearce, “Financial literacy is a national challenge. Too many Americans struggle to manage their money. Partnering with Vermonters to develop financial literacy is crucial for the economic growth and prosperity of Vermont.”
The Vermont Jump$tart Coalition for Personal Financial Literacy, an all-volunteer nonprofit organization, is hoping to improve Vermont’s low financial literacy grade. The coalition is dedicated to improving the financial literacy of Vermont youth by providing advocacy, information and educational resources.