High school students would have to pass personal finance to graduate

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Lawmakers in South Carolina and Rhode Island want high schoolers to graduate knowing how to handle their money.

In South Carolina, a proposed bill would require high school students to take a personal finance class and pass it to graduate.

The class would cover budgeting your money, paying bills, filing taxes and not getting into debt.

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Two Rhode Island lawmakers, as well as the state's general treasurer, have introduced a bill to also teach personal financing.

The lawmakers say financial education is "vital in setting young people up for success in life."

Thirty-six states already have similar requirements.