NGPF'S 2023 ANNUAL REPORT

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Momentum is growing each year as more states guarantee a standalone Personal Finance course for all high schoolers.

2019
6
States
2020
8
States
2021
11
States
2022
17
States
2023

States

      States passed policies in 2023

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PUBLISHED MARCH 2023

NGPF’s 2023 State of Financial Education Report

In the past year, Personal Finance courses have become a top priority for more schools, districts, and states than ever before. With 6 new states joining the previous 11 in taking action, an additional 1.6 million high school students will be guaranteed to take a Personal Finance course prior to graduation.

Thanks to action in 17 states, 40.5% of U.S. high school students will be guaranteed to take a Personal Finance course

Since NGPF’s 2022 State of Financial Education Report was published in April 2022, 6 more states added Personal Finance graduation requirements of at least one semester. A total of 17 states now have this policy in place or are in the process of implementing for future school years.

States that have adopted Personal Finance graduation requirements are creating a ripple effect that is positively influencing financial education access for students across the entire country.

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      Six new states added in 2022

1.6M additional high school students will be guaranteed to take a Personal Finance course due to policies adopted by the 6 new states

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17 states guarantee a Personal Finance course for all public high school students

guaranteed states

Outside of the Guarantee States, access to Personal Finance education is still limited and inequitable.

Outside of the Guarantee States, only

1 in 10

high school students are taking a Personal Finance course prior to graduation.

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guaranteed states
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High school students in rural locales are over

3x

more likely to take a Personal Finance course than students attending schools in urban locales.

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High schools in which greater than 75% of students are Black or Hispanic are half as likely to guarantee a Personal Finance course as schools in which fewer than 25% of students are Black or Hispanic.

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In schools where over 75% of the student population is eligible for Free & Reduced-Price Meals, just

5%

of high school students are guaranteed to take a Personal Finance course of at least one semester.

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