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

State Department of Education Link   
Legislation and Authorization Proposed: S.B. 1994 2012 Legislature Concerns personal financial literacy in schools; provides for an advisory committee; provides that the department shall develop standards and objectives on personal financial literacy, for grades pre-kindergarten to 12, inclusive, within the existing mathematics curriculum; provides for a list of available resources to school districts, charter schools, approved private day or residential schools, and collaborative schools to aid in the selection of materials and curriculum on personal financial literacy.
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 Massachusetts History and Social Studies Curriculum Framework, Grade 12 Economics includes the following content: compare and contrast credit, savings, and investment services; research financial investments; formulate a credit plan and compare interest rates. Economics is a high school elective.
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   NO Massachusetts does not require personal finance and economics course for graduation.
Prescribed or Recommended Personal Finance Curriculum  NO
State Requires Economic Reasoning /Thinking Skills  YES, through Common Core.
State Standard Correlated with Jump$tart Financial Literacy Standard NO
State Assessment of Personal Finance Required  NO
Financial Literacy Bills Currently Being Considered by the State Legislature H.B. 367 mandates a curriculum in the public schools on personal financial literacy. H.B. 410 includes personal financial literacy in the math curriculum for all school grade levels. H.B. 519 provides for the implementation of personal financial literacy curriculum in schools. H.B. 535 establishes a personal finance, civic responsibility and general legal high school social studies curriculum. S.B. 234 relates to financial literacy in schools.
Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate   
State Appropriations and State Dept Education Funding for K-12 NO 
Established Financial Literacy Month N/A