
Extra Credit

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| Eugene Foley is president and CEO of the Harvard University Credit Union, based in Cambridge. |
According to Massachusetts Education Commissioner David Driscoll, Bay State high school students may be becoming more proficient at passing MCAS requirements, but along with their peers throughout the country, they are failing financial literacy tests badly. Since 1997, the Jumpstart Coalition for Personal Financial Literacy has been measuring the financial knowledge of high school seniors across America each year. The test results are poor and they are not improving. In 2004, the average high school student earned a failing grade of 52 percent.
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