By the Numbers: 51% of Americans think they’re great with money — here’s why the data disagrees

CNBC Select recently highlighted key financial literacy statistics for National Financial Literacy Month, citing the Council for Economic Education’s data on state requirements for personal finance education.

According to CEE, 39 states now require students to take a personal finance class to graduate high school.

The article also notes significant gaps in financial knowledge nationwide, including widespread misconceptions about credit scores and the high annual cost of financial illiteracy.

About the Council for Economic Education

The Council for Economic Education’s (CEE’s) mission is to equip K–12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families and their communities. We carry out our mission in three ways. We advocate to require financial and economic education in every state. We provide training, tools and resources — online and live through over 180 affiliates nationwide — to more than 40,000 teachers annually, who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program. Learn more at CouncilForEconEd.org and on LinkedIn and on Facebook.

Media contact: 

CEE: press@councilforeconed.org