| State Department of Education Link |
http://sde.state.nm.us/ |
| Legislation and Authorization |
YES Signed by governor 3/3/10, Chapter 25 Allows financial literacy that meets state standards to qualify for one of the four required mathematics units for students beginning ninth grade in 2009-2010; reconciles multiple amendments to the same section of law. YES Signed by Gov April 2, 2007 Relates to public schools; requires that financial literacy be offered as an elective. |
| Links to State Bills |
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| Additional Links |
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| 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 Personal Finance Content - 9-12 Benchmark 4-A: Analyze various investment strategies available when meeting personal and business goals; Understand personal financing (e.g., banking, credit, debit, lending institutions). |
| Personal Finance Embedded in Mathematics Common Core Standard |
Minor amount |
| State Has Adopted Mathematics and English Language Arts Common Core |
YES However, the New Mexico Common Core State Standards (NMCCSS) will be phased-in over three years and won't be in full effect until 2015. |
| Personal Finance or Financial Literacy Course Required or Offered |
YES Law signed by the governor in 2007 requires that financial literacy be offered as an elective in public schools. Elective social studies, family and consumer science and business courses include financial literacy. Financial Literacy-Math Elective can meet a math requirement for graduation. |
| Personal Finance Course Required for Graduation |
NO Financial Literacy-Math Elective can meet a math requirement for graduation. |
| Personal Finance Content required in Economics or Other Course Required for Graduation |
NO New Mexico does not require personal finance content for graduation. |
| Prescribed or Recommended Personal Finance Curriculum |
NO |
| State Requires Economic Reasoning /Thinking Skills |
YES 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 |
NONE |
| Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate |
Signed by the governor 3/3/10, Chapter 25 allows financial literacy that meets state standards to qualify for one of the four required mathematics units for students beginning ninth grade in 2009-2010; and reconciles multiple amendments to the same section of law. A Law signed by the governor in 2007 requires that financial literacy be offered as an elective in public schools. |
| State Appropriations and State Dept Education Funding for K-12 |
NO |
| Established Financial Literacy Month |
N/A |