SEATTLE -- Remember when you were frustrated over a subject in school and asked, "when am I going to use this in the real world?" Washington state schools will soon be adding a new subject matter that will have real world implications -- financial education.

The Seattle Times reports new standards adopted this year will soon be implemented to teach kids about insurance premiums, credit, debt, risk management, investing, and Roth IRAs.

The state is still determining how these will be added to the curriculum, but it will likely be in math or social studies classes. High school seniors will eventually develop a personal financial plan.

Superintendent Randy Dorn told the Times the Great Recession might not have hit Americans as hard if they had more knowledge about what banks did with home loans.