Financial Literacy Education
Financial literacy is the ability to use knowledge and skills to manage one's financial resources effectively for a lifetime of financial security. Financial literacy is a continuum of evolving abilities, subject to variables such as age, family, culture, and residence, that individuals use to respond to every-changing personal and economic circumstances.
The framework for Financial Literacy Education in Indiana describes the academic standards (knowledge and skills) financially literate students should have achieved in six major categories and at two benchmark levels, the end of 8th grade and the end of 12th grade.
The framework provides standards and benchmark indications for educators that:
- suggest the range of content students should know and be able to act on;
- provide guidelines for evaluating curriculum, instruction, and student learning;
- help shape planning for lessons, units, and courses; learning and assessment activities; and textbooks and other instructional materials.
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