Salem McKay High School teacher wins state award for improving youth financial literacy

For more than four years, business teacher Marcia Latta has been helping youth improve their financial literacy at McKay High School in Salem. In recognition of her efforts, Latta was recently named the Oregon Financial Empowerment Educator of the Year by Oregon Treasurer Elizabeth Steiner. The Salem Statesman Journal first reported news of Latta’s award, which includes a $1,500 cash prize for Latta, $500 for her school and $500 total in college savings plan gift certificates for her students.     Starting next year, all Oregon high school students will be required to earn a half credit in personal finance education in order to graduate. Latta teaches two classes at McKay, including one that’s a requirement on personal finance that helps high school juniors understand bank loans for car or home purchases, how to save for retirement and other financial concepts. For three years now, Latta has also used a grant from the Oregon Department of Human Services to organize free tax preparation clinics for students, many of whom she says get refunds on their filed returns.    Latta joins us to share her work educating youth about their personal finances.