Michigan

State-by-State Assessment of Personal Finance Education Standards

State Department of Education Link

https://www.michigan.gov/mde/ 

Stand-Alone Personal Finance Standards

No

There are not specific standards as they are embedded in the social students or mathematics curriculum. The state does have very specific requirements for who can teach the personal financial literacy courses. The focus of the course dictates which certification a teacher must hold to be highly qualified to teach the course. 

https://www.michigan.gov/documents/mde/Personal_Finance_557249_7.pdf 

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

Yes. Personal Finance 

FCS utilizes the National Family and Consumer Sciences Standards for their coursework. The course for personal financial literacy is Personal Finance. 

Business Education has a specific course entitled Personal Finance. 

Personal Finance Embedded in Social Studies or Economics Standards

Yes

Students are required to complete .5 credits of Economics. The .5 credit Economics requirement may be satisfied by completion of at least a .5 credit course in Personal Economics that includes a financial literacy component as described in Section 1165, if that course covers the subject area content expectations for Economics developed by the Department and approved by the State Board under Section 1278b.

https://www.michigan.gov/documents/mde/Final_Social_Studies_Standards_Document_655968_7.pdf 

Personal Finance Embedded in Mathematics Common Core Standards

Yes

Student may earn a math credit through a personal financial literacy course as outlined in Section 1165 of state law. 

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

Yes

Students are required to meet the standards that are embedded in the coursework of social studies. They may also complete a family and consumer sciences course or business education course for elective credit. 

State Assessment of Personal Finance Required

No