California

State-by-State Assessment of Personal Finance Education Standards

State Department of Education Link

http://www.cde.ca.gov/  

Stand-Alone Personal Finance Standards

No

California has not adopted its own standards for financial literacy; however, there are two sets of national standards that teachers may use to influence their instruction. These standards are from the Jump$tart Coalition and the National Standards for Financial Literacy published by the Council for Economic Education. California has launched a financial literacy awareness campaign. The goal of this initiative is to provide schools, teachers, students and parents with access to supplemental resources that can help students develop a keen understanding of responsible money management and increase their overall financial literacy.  

https://www.cde.ca.gov/eo/in/fl/finlitk12.asp 

Personal Finance Standards in Career and Technical Education (CTE), Family and Consumer Sciences

Yes. Consumer Education-Family and Consumer Science Course

The FCS course Consumer Education, provides a strong foundation of consumer skills, including occupational goals, job search and employability skills, financial planning, economic security, purchasing and sales information, and consumer rights and responsibilities. This course is offered in both middle school and high school. 

https://www.ca-fcs.org/images/cfs_implementation_guide/Section_2_CFS-2013-Grade7-8.pdf 

https://www.ca-fcs.org/images/cfs_implementation_guide/Section_3_CFS-HS-2013-Grade9-12.pdf 

Personal Finance Embedded in Social Studies or Economics Standards

Yes 

California does not have specific financial literacy standards; however, during 9th grade curriculum, local districts can decide whether to offer history-social science electives. One of the possible electives is financial literacy, but this is not a required course. See framework below; however, frameworks are currently under revision. Students are required to take one semester of economics, but this course does not have specific financial literacy standards embedded. 

https://www.cde.ca.gov/ci/hs/cf/documents/hssfwchapter14.pdf 

Personal Finance Embedded in Mathematics Common Core Standards 

No

California Department of Education states that time constraints in the regular school day often make it impossible to offer a separate course in financial education; however, financial literacy concepts can be integrated into other core content. Mathematics courses provide multiple entry points for the incorporation of problems or exercises that teach important financial concepts. California DOE has provided a table with alignment to national financial literacy standards and their Common Core Mathematic Standards for teacher reference, but it is not required that teachers use aligned standards. 

https://www.cde.ca.gov/ci/ma/cf/documents/mathfwappendixa.pdf 

Personal Finance or Financial Literacy Course Required for Graduation or Required to be Offered

No

California does not require a financial literacy course to be taken for graduation. 

State Assessment of Personal Finance Required

No