2017 Nevada Chapter 456 (Senate Bill 249) amended the Nevada high school requirements to add a one-half unit of credit in economics and financial literacy. The new requirement went into effect July 2022. Nevada has a set of 13 Financial Literacy standards in the Nevada Academic Content Standards for Social Studies for grades 9-12. For Grade 9-12: Civics and Economics, there are over 40 standards, indicating that a combined class would not focus primarily on personal finance. There are also content standards for financial literacy in grades 3-8.

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2017 Chapter 456 also mandates that “The board of trustees of each school district and the governing body of each charter school shall ensure that instruction in financial literacy is provided to pupils enrolled in grades 3 to 12, inclusive, in each public school.” Furthermore, it requires that the financial literacy standards listed in the legislation must be included in the state’s standards and included within courses with relevant standards, as established by the Council to Establish Academic Standards for Public Schools, effective July 1, 2022. Currently, in the Nevada Academic Content Standards for Social Studies, Grades 3, 4, 5, 6-8, and 9-12 have specific Financial Literacy standards. Financial Literacy is one of six content theme standards for the Social Studies standards and has five of its own content themes. These standards were revised in 2018.  AB19 was passed in 2021, stating that “existing law provides that social studies includes only the subjects of history, geography, economics and government. This bill removes government from the list of subjects included within social studies and adds civics, financial literacy and multicultural education to that list.”

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The Nevada Department of Education has a website that provides a “hub of Financial Literacy information and resources to support the academic achievement and financial success of all students in Nevada.” Adopted on June 5, 2019, Senate Bill 314 established a State Seal of Financial Literacy to be affixed to the diploma or transcript of students that demonstrate proficiency in financial literacy. The legislation also instituted an annual Financial Literacy Month and a State Financial Literacy Advisory Council.

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Nevada receives a “B” for ensuring financial literacy instruction through most of Grades K-12 through social studies and specific high school financial literacy standards. Nevada’s Financial Literacy Month, Financial Literacy Advisory Council, and State Seal of Financial Literacy are all commendable efforts towards increasing financial literacy instruction. In order to receive an “A,” we recommend that Nevada introduce basic foundational personal finance concepts in K-2 and require a stand-alone personal finance course.