SUMMARY OF GRADE
Significant Accomplishments: Required high school economics with embedded financial literacy instruction; K-12 social studies financial literacy standards, required high school stand-alone personal finance course
AN IN-DEPTH LOOK
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.
In May 2023, HF2497 was signed into law: “Students who begin grade 9 in the 2024-2025 school year and later must successfully complete a course for credit in personal finance in grade 10, 11, or 12. A teacher of a personal finance course that satisfies the graduation requirement must have a field license or out-of-field permission in agricultural education, business, family and consumer science, social studies, or math.”
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. In addition it requires high school financial literacy instruction through a stand-alone course; therefore, it receives a “A”.