(Chicago Sun-Times) — Chicago Schools CEO Ron Huberman on Tuesday touted a new “personal finance” class that is helping more than 900 high school students learn how to budget for college, do their taxes and make their money work for them — all critical “life skills” in today’s dour economy. Financial literacy is especially important to the 86 percent of Chicago Public School students who come from low-income homes where parents might turn to expensive payday loans or currency exchanges for help, Huberman said.
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