News You Should Know: New Report Ranks Colorado on Financial Literacy

Financial Literacy by State: 2025 Rankings | Intuit

A new ranking puts Colorado in the middle of the pack when it comes to financial literacy among high schoolers. Intuit ranked states on factors such as required coursework, test scores, and youth employment rate, giving Colorado a score of 9.3 out of 18 possible points. It’s worth noting a new state law will require all Colorado high school students to take a financial literacy course in order to graduate.

Colorado is Teetering on the Edge of a Recession, Governor’s Planning, Budgeting Director Says | CBS Colorado

State lawmakers will have to deal with yet another budget shortfall during next year’s legislative session. The latest forecasts show the state will once again have to cut hundreds of millions of dollars in spending, driven largely by increases in Medicaid costs. Lawmakers will get their next quarterly update in December, and the legislative session begins in January.

Social Security payments, federal benefits go electronic Sept. 30 | CNBC

Say “goodbye” to paper checks from the federal government. If you receive Social Security benefits, you’ll now have to be signed up for direct deposit to receive your benefit payments. The shift away from paper checks is intended to cut down on fraud while also saving the government money. The change will also apply to tax refunds and other federal payments going forward.

You’re Retiring. Get Ready for These Tax Changes | Money

Retirement is more than just a change in employment—it also brings some important changes to your finances. Here are some important tax considerations to keep in mind if you’re approaching retirement and are expecting to draw from Social Security and other savings.

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News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.