Standards 

 

Stemming from the recent downturn in the American economy, there has been a major shift in financial literacy education.  Eighty percent of states now have adopted personal finance education standards or guidelines of some kind (NEFE).  State education departments around the country are creating financial literacy education frameworks to be implemented into schools along with graduation requirements for k-12 and post-secondary education.

 

Additionally, the Financial Literacy and Education Commission (FLEC) set forth a framework, Promoting Financial Success in the United States: National Strategy 2011, to promote the foundation for a national financial literacy strategy.

 

National Standards

 

Jump$tart Coalition: National Standards in K-12 Personal Finance Education

Institute for Financial Literacy: National Standards for Adults

Council for Economic Education: National Standards with benchmark expectations by grades 4, 8 and 12.

President's Advisory Council on Financial Capability: Financial Education Core Competencies

 

State Standards/Initiatives

 

Common Core State Standards Initiative

Financial Literacy Education in Indiana Schools

 

To find out more about your state’s financial literacy initiatives, consult with your state’s department of education.