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  • Significant Accomplishments: Middle and high school personal finance model curriculums; Online financial literacy resources; requires high school stand-alone personal finance course

  • Needs Improvement: Needs to implement grade-specific K-8 financial literacy standards


Connecticut Public Act No. 15-138 (Substitute Senate Bill No. 139) directs that “The State Board of Education shall make available curriculum materials and such other materials as may assist local and regional boards of education in developing instructional programs… The State Board of Education, within available appropriations and utilizing available resource materials, shall assist and encourage local and regional board(s) of education to include: … personal financial management.” The Connecticut Department of Education provides Career Clusters or Career Pathways for both middle and high school. “Courses in Personal Finance or Financial Literacy can be listed appropriately in Programs of Study in the Business Management & Administration, Finance, or Marketing Career Clusters as part of a program of study.” The Connecticut Elementary and Secondary Social Studies Framework includes Economic Decision-Making

standards for each grade, K-12, but does not specifically cover personal finance.

The Connecticut State Department of Education also provides resources and lesson plans online for Personal Finance. 

In June 2023, the State of Connecticut’s Senate and House of Representatives in General Assembly signed SB1165 into law: “Commencing with classes graduating in 2027, and for each graduating class thereafter, no local or regional board of education shall permit any student to graduate from high school or grant a diploma to any student who has not satisfactorily completed a minimum of twenty-five credits, including not fewer than: ... (6) one-half credit in personal financial management and financial literacy, which may count towards the requirement described in subdivision (1) of this subsection or as an elective credit. A local or regional board of education may require a student to complete a one credit mastery-based diploma assessment in order to graduate from high school or be granted a diploma.” Therefore, it is established that a standalone personal finance course is required for high school graduation in Connecticut.

Connecticut receives a “B,” as it provides financial literacy instruction, through a standalone personal finance course. Grade-specific standards need to be added in K-8 social studies.

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