Feb 06, 2016

What's the State of Financial Literacy Education In US?

This map generated in the recent Survey of the States by Council on Economic Education tells it all (note that the link will take your students to a simulation that walks them through the cost, situation, challenge and benefits of personal finance education.

Screen Shot 2016-02-06 at 9.11.29 PM

As the chart indicates, in 2016…

  • Only 7 states have standardized testing of personal finance concepts (UT, MI, GA, TX, MI, OR, CO’) up from six in the last survey in 2014
  • Only 17 states require a high school student to take a personal finance course

Students might enjoy using the simulation from this report and then discussing whether or not they feel your state’s approach to personal finance education is a good one.  Next Gen Personal Finance is committed to making this chart a lot greener in the years ahead!

 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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