State-by-State Assessment with Regard to Financial Literacy and Personal Finance Education Actions

State Department of Education Link  
Legislation and Authorization 2013 - Two Bills considered in Legislature HB 1927 & 2265 RE: Financial Literacy and Personal Finance in schools. In July 2009, the State Board of Education approved a one-semester Economics course Graduation requirement for seniors in 2014. Frameworks for the course are divided into the following strands: Economic Fundamentals, Microeconomics, Macroeconomics and Personal Finance Management.
ADE - Social Studies Curriculum Framework 2006, Revised in 2009. Economics: Personal Financial Management covers decision-making skills, financial planning, careers and income, saving and investing, credit and debt and risk management.
Links to State Bills 
Additional Links  
Stand-Alone Personal Finance Standards NO
Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences NO
Personal Finance Embedded in Social Studies or Economics Standards YES Extensive Personal Finance Management included in Economics Standards. Content Standards include career choices, income, costs and benefits; credit, credit score, credit reports, credit protection; long and sort financial term goal setting, saving and investing, wealth building, risk management and insurance.
Personal Finance Embedded in Mathematics Common Core Standard Minor amount
State Has Adopted Mathematics and English Language Arts Common Core YES
Personal Finance or Financial Literacy Course Required or Offered NO 
Personal Finance Course Required for Graduation   NO
Personal Finance Content required in Economics or Other Course Required for Graduation   YES Arkansas' Smart Core Graduation Requirements change by State Board of Education, approved July 2009 for graduating class of 2014 and after: Economics (with personal finance content) required for graduation. Economics may be counted as a ½ unit social studies course if taught by a highly qualified social studies teacher OR as a ½ unit career focus elective course if taught by a highly qualified business education teacher. (Code List : ½ unit from 474300 Social Studies or 492280 Career Focus)
Prescribed or Recommended Personal Finance Curriculum  Economics Curriculum Framework includes Personal Finance Management. (2009) Personal Finance print and online textbooks adopted by ADE for 2009-2015 school years.
State Requires Economic Reasoning /Thinking Skills  YES Economics and Personal Finance Curriculum Framework includes reasoning, thinking, decision-making skills applied to personal finance decisions.
State Standard Correlated with Jump$tart Financial Literacy Standard NO Not formally correlated, but most Jump$tart Standards content is covered.
State Assessment of Personal Finance Required  NO New Common Core assessment in place in the 2014-15 school year. Until then, the ADE will continue using the Benchmark and End of Course exams to assess students in mathematics, English language arts, and science.
Financial Literacy Bills Currently Being Considered by the State Legislature

H.B. 1927 for advancing the understanding of personal financial management among public school students; requires a course in personal finance as a requirement of graduation from high school.

H.B. 2265 Promotes economic literacy and personal finance education in Arkansas public schools.

Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate  NONE
State Appropriations and State Dept Education Funding for K-12 NO
Established Financial Literacy Month N/A