Giving Compass' Take:

• Governing magazine discusses how some states are making schools teach kids about personal finance. But what's the best age to start?

• The more future generations are able to manage money intelligently, the more they might be able to give strategically. Nonprofits may want to look into how to support more financial literacy. 

• Here are ways to teach kids about finance with cryptocurrency.

Do Americans know how to manage money? Some of the statistics aren't encouraging. About 63 percent of the nation's residents could not pass a basic financial literacy quiz. According to the Federal Reserve Board, 40 percent of U.S. adults don’t have enough savings to cover a $400 emergency.

This reality has prompted some to wonder whether students are learning enough about how to manage money. According to the Center for Financial Literacy at Champlain College, they're not.

In 2017, the center gave 27 states a grade of C, D or F on “their efforts to produce financially literate high school graduates.” Only five states received an A: Alabama, Missouri, Tennessee, Utah and Virginia.

When it comes to middle school, only 28 states have recommended financial literacy standards, according to a Brookings report, but many allow localities to decide how to implement such standards.

Recently, several states have made financial literacy lessons more of a priority for students even before they're old enough to get a job.

Read the full article about financial literacy becoming a requirement in school by Candice Norwood at Governing magazine.