SUMMARY OF GRADE
Requires high school economics course with embedded financial literacy instruction
Personal finance standards in most K-8 Social Studies standards
AN IN-DEPTH LOOK
Idaho requires a one credit economics course for a high school diploma. In the Idaho Content Standards for Economics, three of the 24 standards are personal finance-specific. In 2007, Idaho House Concurrent Resolution No. 10 urged the State Board of Education “to immediately begin exploring ways to include in the public-school curricula a financial literacy program… and reviewing existing financial literacy programs and materials that are available, with the aim of formalizing personal financial management as a requirement for graduation.”
Personal finance is embedded under economics in some of the K-12 Social Studies standards. Specifically, there are personal finance objectives in grades 1-5, U.S. History I and II, and Economics.
Idaho receives a “C” for financial literacy instruction, as it provides some instruction through the embedded standards in the required high school economics course and some K-8 standards. Idaho needs to create Grades 6-8 financial literacy standards and require a stand-alone personal finance course for high school graduation in order to raise its grade to an “A.”