National Standards for Financial Literacy

K-12 Standards

K-12 STANDARDS

MEDIA TYPE

  • Online

GRADES: 3-5, 6-8, 9-12

SUBJECTS

  • Financial Literacy

The National Standards for Financial Literacy provide a framework for teaching personal finance in kindergarten through 12th grade. A student who masters the knowledge embodied in the standards should be able to avoid making poor financial decisions, understand the economic reasons behind the trade-offs between financial choices, and know the basis for their own decisions.

The standards contain the areas of knowledge and understanding that are fundamental to personal finance:

  • Earning Income
  • Buying Goods and Services
  • Using Credit
  • Saving
  • Financial Investing
  • Protecting and Insuring

Each of these six standards includes benchmarks outlining what a student should be able to understand and examples at the 4th, 8th and 12th grade levels of how the student might demonstrate this understanding.  The benchmarks also emphasize decision-making skills by explicitly relating planning and goal setting, financial decision making, and assessing outcomes to each standard.

Use these standards to build a framework for teaching financial literacy in your school.

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