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FINANCIAL ILLITERACY:
AN AMERICAN EPIDEMIC
Our nation is rapidly sinking into a sea of
debt and financial dependency.
And the crisis is growing.
THE SYMPTOMS
Accumulating
Oppressive
Debt
Misusing
and Abusing
Credit Cards
Inadequate or
Non-Existent
Savings
THE RESULTS
Increased
Bankruptcy Filings
Overdependence on Government
No Retirement
Savings
HOW DO WE SOLVE THIS EPIDEMIC?
It starts with educating our children
in the classroom.
The consequences of financial illiteracy manifest themselves throughout our society. This national crisis may seem daunting and, at times, impossible to overcome, but APEF thinks otherwise. We believe financial literacy begins in the classroom at the earliest ages.
Together, we can embrace our responsibility to prepare the next generation for learning, for leadership, and for life, and change the course of their future.
THE UNCOMFORTABLE TRUTH OF
FINANCIAL ILLITERACY
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As of January 2021, 14% of Americans say they wiped out their emergency savings since the start of the pandemic
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MAPPING OUT FINANCIAL LITERACY
The Nation's Report Card grades each state in the United States, and the District of Columbia and Puerto Rico, in terms of K-12 financial education. These grades are based on currently available state-wide requirements, standards, and curriculum for personal finance.
Click on the states below to see an in-depth look at grades and statistics
GRADING KEY
New colors for 2023
Washington D.C.
Puerto Rico
Fixing the problem begins with taking an honest look at where we stand with financial education.
LIST VIEW OF STATES' GRADES
In order to achieve financially literate high school graduates, a state should have personal finance components embedded into K-12 standards, for each grade, and should ensure that each high school graduate has successfully completed a personal finance-specific course near the end of their secondary school career.
State | Grade | Report Card Findings |
|---|---|---|
Alabama | B | Learn more |
Alaska | F | Learn more |
Arizona | B | Learn more |
Arkansas | D | Learn more |
California | D | Learn more |
Colorado | B | Learn more |
Connecticut | B | Learn more |
Delaware | B | Learn more |
District of Columbia | F | Learn more |
Florida | A | Learn more |
AMERICA'S FAILING GRADE IN FINANCIAL LITERACY
ABOUT THIS INITIATIVE
APEF has made financial literacy one of its core focuses over the next decade. With The Nation's Report Card initiative, our foundation is putting a spotlight on financial education in the classroom.
Our goal is to help ensure our next generation is prepared to handle their finances smartly, avoid debt, better understand our economy, and learn to make good decisions about their life and money.