Published Online: April 23, 2013
Published in Print: April 24, 2013, as K-12 Financial Literacy Is Goal of Standards

News in Brief

K-12 Financial Literacy is Goal of Standards

The Council on Economic Education released financial-literacy standards for K-12 last week.

Developed by economists, education specialists at Federal Reserve banks, and financial-education researchers, the benchmarks are intended to provide a framework of essential knowledge that 4th, 8th, and 12th graders should master to be savvy financial consumers.

The National Standards for Financial Literacy for K-12 covers six topics: earning and income; buying goods and services; using credit; saving; financial investing; and protecting and insuring.

Each standard is an overarching statement of content, accompanied by age-appropriate benchmarks and material that is designed to apply to all socioeconomic groups.

Vol. 32, Issue 29, Page 5

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