Why Financial Literacy Education in Schools Matters More Than Ever
When it comes to preparing kids for adulthood, Pennsylvania is taking financial literacy seriously. A recent article from Central Penn Business Journal spotlights the state’s growing momentum to make personal finance education a mandatory part of high school curricula. With bipartisan support and backing from both educators and parents, the push is not just a policy trend - it reflects a broader cultural shift.
In the article, Pennsylvania Treasurer Stacy Garrity emphasizes that learning how to budget, save, and understand credit is just as critical as learning history or science. Many students graduate without ever being taught the basics of managing money, which can leave them unprepared for student loans, credit cards, or even their first paycheck.
At UNest, we believe that financial education should start early - and extend beyond the classroom. While schools can offer essential lessons, parents play a powerful role in reinforcing these skills at home. One way to do that is through a UTMA custodial account. These accounts help kids understand the value of investing, delayed gratification, and setting long-term goals. Watching their savings grow - even in small amounts - can be a formative experience.
As more states consider similar education mandates, the momentum is clear. Financial literacy is no longer optional. It’s a core life skill, and families that support it early can help their children develop lifelong confidence and independence with money.
Don't just take our word for it
Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
There are some tax advantages to using UGMA and UTMA accounts… Since they’re in your child’s name, the accounts will be taxed according to their tax bracket… There are no contribution limits on UGMA and UTMA accounts.
Dave Ramsey
Personal Finance Expert
Read
Tap to flip back
Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
Tap for more
...you could consider opening an account where you can dive deeper with the kids by your side. The easiest way to do so is to open a custodial account, known as an UGMA ... or UTMA ... account.
Jill Schlesinger
Emmy winning Business Analyst
Read
Tap to flip back
Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
Tap for more
You can give children money that can accumulate somewhat tax-free over time... I love them (UTMAs) because they were like, trusts that you didn't need lawyers to create.... I think it's one of the better tax breaks around though. I know hunting for tax breaks may not sound very exciting, but that's how you take care of your family.
Jim Cramer
CNBC Host
Watch
Tap to flip back
Give children money that can accumulate over time
Jim Cramer
CNBC Host
Tap for more
