Tyrell Raby is a little nervous as he waits in line at a Baton Rouge bank.
“If you have a low credit score the bank won’t trust you that much,” he said.
Raby’s 13, and he’s actually at a fake bank, set up at a mall in Baton Rouge, with around 50 eighth-grade classmates from McKinley Middle School. He’s participating in a financial literacy course for middle schoolers.
Last May, Louisiana made financial literacy a mandatory topic in state public schools. The goal is to create a more money savvy generation in a place with some of the highest poverty rates in the country, and according to the Federal Deposit Insurance Corporation, the highest rate of unbanked residents.