Bill aims at financial literacy for parents

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It's never too early to start teaching kids and their parents about finance, says one lawmaker.

Sen. Patricia Jones, D-Salt Lake City, is sponsoring a bill, SB100, that would require schools to give parents of kindergarten students information about opening Utah Educational Savings Plan accounts for college and a "financial and economic literacy passport," which shows what concepts children will learn at school as they grow older.

The bill cleared its first hurdle Thursday when the Senate Education Committee passed it unanimously.

"More families will make financial education and investing in the future a priority," Jones said. "Many people don't even think about how they're going to pay for their children's education until their child reaches 11th or 12th grade, and then they get frantic about it."

-- Lisa Schencker