Importance of Financial Literacy
Eighty-nine percent of teachers agree or strongly agree that students should take a financial literacy course or pass a test for high school graduation.
Current Teaching
Only 29 percent of teachers are teaching financial education in any way—in existing classes or special classes on finance topics. And fewer than 20 percent of teachers reported feeling “very competent” to teach any of the six personal finance topics surveyed.
Using State Standards
Nearly 64 percent of teachers feel not well qualified to use their state’s financial literacy standards. In fact, the study found no influence of state mandates on whether a teacher had taken a course in personal finance, taught a course, or felt competent to teach a course.
Teacher Education Faculty
Teacher education faculty felt no more competent to teach specific financial concepts than did K-12 teachers, and they were not more familiar with state financial education standards.
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