States Take Action to Require K-12 Finance and Economics Education Standards

According to the 2014 “Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools” by the Council for Economic Education, states have made progress toward implementing standards in personal finance or economics education over the last 15 years. According to the report, which evaluates K-12 economic and financial education across all 50 states and the District of Columbia, all 50 states included economics and 43 states included personal finance education in their K-12 standards for the first time in 2013. Compare that to 38 states with economics standards and 21 states with personal finance standards in 1998.

However, while states have made significant progress since 1998, there has been little improvement in recent years in the number of states requiring students to take an economics or personal finance course as a high school graduation requirement. The number of states requiring students to take an economics course as a high school graduation requirement has remained steady at 22 since 2011 while 17 states required students to take a personal finance course (or require that personal finance be included in an economics or civics course) as a high school graduation requirement. Nineteen states required a course in personal finance to be offered while 24 states required a course in economics to be offered in 2013.

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