In a rapidly evolving world, the need for financial literacy has never been more pronounced, especially for the younger generation. Since announcing his candidacy in 2022, Rep. Jeff Hilovsky, R-Long Neck, has championed financial education. His most recent initiative involved collaborating with the University of Delaware's Center for Economic Education and Entrepreneurship to host a pair of events at Love Creek Elementary and Long Neck Elementary schools.
These events, which were well attended, mark a significant milestone in the journey toward financial empowerment for our youth, as financial literacy equips individuals with the knowledge and skills necessary to make informed decisions about money, and it paves the way for a secure future.
The benefits extend far beyond managing a budget; financial literacy cultivates a combination of responsibility, discipline and foresight. Instilling these skills early in life helps prepare youngsters to face the challenges of adulthood.
Hilovsky’s recent events served as interactive platforms where kids engaged with experts, fostering a hands-on learning experience that went beyond a traditional classroom setting.
The community’s positive response demonstrates its recognition of the importance of these skills.
In a world where technology is reshaping the way we handle money, financial literacy is a shield against the pitfalls of a complex economic landscape. Understanding concepts like credit, investment and budgeting empowers young people to make informed choices.
By leveraging the expertise of the University of Delaware, Hilovsky strengthens the credibility and effectiveness of his financial literacy program, which will hopefully inspire others across the state and in Sussex County to host similar events.
For now, financial education will not be a required course in school. Hilovsky and former Rep. Ruth Briggs King, R-Georgetown, tried to get a bill passed requiring mandatory financial literacy courses in schools. Although the bill has yet to reach the House floor for a vote, there is still hope. As more financial literacy events are held, more people will become aware of its importance, and that may lead to a successful bill in the coming legislative session.
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Editorials are considered and written by Cape Gazette Editorial Board members, including Publisher Chris Rausch, Editor Jen Ellingsworth, News Editor Nick Roth and reporters Ron MacArthur and Chris Flood.
