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.
A version of this article appeared in the April 24, 2013 edition of Education Week as K-12 Financial Literacy Is Goal of Standards