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  • Significant Accomplishments: Required high school economics with embedded financial literacy instruction; K-12 social studies financial literacy standards 

  • Needs Improvement: Needs to require high school stand-alone personal finance course


  • Minnesota requires an economics course for high school graduation which includes financial literacy instruction. Under high school economics in the Minnesota K-12 Academic Standards in Social Studies 2011, Personal Finance is a sub-strand with its own standards and benchmarks. The Minnesota Department of Education also offers an Academic Standards Course Framework: Personal Finance with standards and frameworks for a Grades 9-12 elective in Consumerism/Resource Management.

  • Minnesota instructs each student in financial literacy through its social studies standards. In the Minnesota K-12 Academic Standards in Social Studies 2011, there are standards and benchmarks for either Personal Finance or Economic Reasoning Skills for each specific grade, K-8, and for high school. These standards ensure that each Minnesota student receives financial literacy instruction in their K-12 curriculum.

Although Minnesota provides financial literacy instruction in Grades K-12 through its social studies standards and through embedded financial literacy standards in the required high school economics course, it receives a “B” for not requiring the high school financial literacy instruction through a stand-alone course. 

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