| State Department of Education Link |
http://www.schools.utah.gov/main/ |
| Legislation and Authorization |
S.B. 43 Signed by governor 3/27/13
This bill modifies provisions relating to financial and economic literacy education. This bill requires: the state Board of Education to establish a task force to study and make recommendations to the board on how to improve financial and economic literacy education in the public school system, the task force to study certain issues relating to financial and economic literacy education, and the state Board of Education to report to the Education Interim Committee. |
| Links to State Bills |
http://financeintheclassroom.org/ |
| Additional Links |
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| Stand-Alone Personal Finance Standards |
YES General Financial Literacy, Core Standards and Objectives The implementation of the ideas, concepts, knowledge, and skills contained in the General Financial Literacy Core will enable students to implement those decision-making skills they must apply and use to become wise and knowledgeable consumers, savers, investors, users of credit, money managers, citizens, and members of a global workforce and society. Standards include decision-making process to set and implement financial goals; sources of income and the relationship between income and career preparation; principles of money management (budgets, credit, insurance and risk management); saving, investing, and retirement planning. |
| Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences |
NO |
| Personal Finance Embedded in Social Studies or Economics Standards |
NO The Social Studies General Financial Literacy Core Standards are separate from Economics. |
| 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 |
YES State offers Mathematics of Personal Finance for 11th or 12th grade. Successful completion of all four quarters of this course will fulfill 1 credit of supplemental mathematics requirement AND complete the General Financial Literacy requirement for graduation. |
| Personal Finance Course Required for Graduation |
YES Utah requires a .5 credit in General Financial Literacy for graduation. (Part of Social Studies 3 credit requirement) |
| Personal Finance Content required in Economics or Other Course Required for Graduation |
NO In Utah, Economics is not a core requirement for High School graduation, it is often taught as an elective course. Course descriptions created by teachers will often follow national standards. |
| Prescribed or Recommended Personal Finance Curriculum |
Each school district is required to develop its own curriculum. |
| State Requires Economic Reasoning /Thinking Skills |
YES |
| State Standard Correlated with Jump$tart Financial Literacy Standard |
YES |
| State Assessment of Personal Finance Required |
NO Personal finance is not included in the Criterion-referenced state assessment. Utah's statewide General Financial Literacy Test and Passport (Optional) includes objective and performance tests. |
| Financial Literacy Bills Currently Being Considered by the State Legislature |
2013 Legislature
S.B. 1590 Relates to requirements for personal financial literacy training offered by public school districts and public universities. |
| Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate |
S.B. 43 Signed by the governor 3/27/13 modifies provisions relating to financial and economic literacy education. This bill requires: the state Board of Education to establish a task force to study and make recommendations to the board on how to improve financial and economic literacy education in the public school system; that the task force to study certain issues relating to financial and economic literacy education; and that the state Board of Education to report to the Education Interim Committee.
H.B. 156 Signed by governor 3/26/12, Chapter 398
This bill requires the state Board of Education to provide a general financial literacy test-out option.
H.J.R. 24, a joint resolution adopted 3/10/11 gives the Legislative Management Committee items of study it may assign to the appropriate interim committee. Including the item to study the teaching of financial literacy in public schools and the impact of financial and economic literacy legislation in recent years.
A 2009 bill signed by the governor express support for the work of the Utah Council on Financial and Economic Education, chaired by the Utah State Treasurer; encourages greater participation on the Council by several state agencies and all other private or public entities that engage in teaching financial and economic education and share a commitment to empower individuals and families to achieve economic stability, opportunity, and upward mobility; and encourages the Utah Council on Financial and Economic Education to take certain actions as part of its effort to ensure improved financial and economic education in the state.
A 2008 bill signed by the governor provides funding for the Minimum School Program and other education programs. It also establishes and funds a financial and economic literacy passport to track student mastery of certain concepts.
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| State Appropriations and State Dept Education Funding for K-12 |
YES 2008 bill signed by the governor establishes and funds a financial and economic literacy passport to track student mastery of certain concepts. |
| Established Financial Literacy Month |
N/A |