Education Report Roundup

Financial Literacy

By Katie Ash — May 11, 2007 1 min read

Ninety-five percent of middle and high school teachers believe financial literacy is important to teach in schools, a survey has found.

The survey, commissioned by the Networks Financial Institute at Indiana State University in Terra Haute, defined financial literacy as “the ability to make informed judgments and effective decisions regarding the use and management of money.” About half the 650 K-12 teachers surveyed nationwide said they incorporated financial-literacy content into their lessons. The primary reason cited for not teaching financial literacy was that it was not a state requirement.

“National K-12 Financial Literacy Qualitative and Quantitative Research” is scheduled to be posted by the Networks Financial Institute at Indiana University. Read a summary of the report.

A version of this article appeared in the May 16, 2007 edition of Education Week