K-12 education requirements

CSG Midwest

According to the National Center for Education Statistics, one in five 15-year-olds doesn’t understand basic financial concepts. For those young people, too, some very important financial decisions lie only a few years ahead — how to save and invest, how to choose between college and work, how to borrow wisely, how to manage debit and credit cards, etc.

One response by states to the challenge of improving personal financial literacy: Require more of high schools and students in this subject area, with the hope that it lays the groundwork for long-term economic success. “Well-implemented state financial education mandates lead to a clear improvement in financial behaviors,” according to a 2019 report by the U.S. Consumer Financial Protection Bureau.