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

State Department of Education Link  
Legislation and Authorization

The new Idaho graduation requirements went into effect with the Class of 2013. Personal Finance Education Provided within Social Studies Economics Content Standards Required for High School Graduation. Full year of economics required, must include a unit on Personal Finance. IDAPA 08.02.03: State Board of Education Rules Governing Thoroughness: Seniors are required to take a (one credit) economics class with a personal finance unit built into it. Idaho Department of Education is considering adding a personal finance class to the graduation requirements H.C.R. 10, Adopted 3/7/07 States findings of the Legislature and urges the State Board of Education to integrate the principles of basic personal finance into the public school curricula in Idaho.

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 Social Studies Economics: Personal finance content includes responsible consumer choices, budgets, interest, investment, savings, credit, debt and taxation.
Personal Finance Embedded in Mathematics Common Core Standard YES Mathematics Standard 2008: Idaho Content Standards/ Mathematics of Personal Finance - covers money management; responsible consumer choices; credit and debt; saving and investing; education, employment and income; taxation. (July 2, 2008)
State Has Adopted Mathematics and English Language Arts Common Core YES
Personal Finance or Financial Literacy Course Required or Offered YES Mathematics of Personal Finance Course elective. (2008 Mathematics Standard)
Personal Finance Course Required for Graduation  NO Mathematics of Personal Finance Course is a math elective for graduation credit.
Personal Finance Content required in Economics or Other Course Required for Graduation   YES Idaho requires a full year of economics, with an extensive unit on personal finance.
Prescribed or Recommended Personal Finance Curriculum  YES
State Requires Economic Reasoning /Thinking Skills  YES Through both Common Core and Idaho Standards.
State Standard Correlated with Jump$tart Financial Literacy Standard NO
State Assessment of Personal Finance Required  NO Idaho Personal finance is not tested in social studies. Idaho is transitioning to the new Common Core assessment aligned to the Idaho Common Core Standards. It will be delivered to Idaho students in spring 2015. Idaho is part of the Smarter Balanced Assessment Consortium (SBAC) and will pilot test the SBAC assessment in 2014.
Financial Literacy Bills Currently Being Considered by the State Legislature NONE 
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