Financial Literacy of K-12 Education

, Malcolm A. Kline, Leave a comment

How does your state score? “Our analysis finds that 40 states have statewide standards that include substantive financial literacy material,” a report from the Brookings Institution reads. “Five states—Vermont, Pennsylvania, New Mexico, Montana, and South Carolina—have some financial literacy standards, but these are minimal and insufficient according to our criterion.”

“Pennsylvania, for example, only mentions individual financial decision-making as it relates to private economic institutions and macroeconomic factors, while Vermont’s standards include budgeting, purchasing, and saving, but do not mention other core content areas. Finally, five other states—Alaska, California, Massachusetts, North Dakota, Wyoming, in addition to Washington DC—do not have any state standards.”