SUMMARY OF GRADE
High school financial literacy instruction requirement
Financial literacy standards in most K-12 social studies standards
AN IN-DEPTH LOOK
North Dakota requires either one unit of Problems and Democracy or one-half unit of US Government with one-half unit of Economics for high school graduation. 2009 North Dakota Chapter 175 (House Bill 1400) requires that “each school district shall ensure that its curriculum for either economics or problems of democracy includes the exposure of students to concepts of personal finance.” A school district may “select courses other than economics or problems of democracy for purposes of exposing students to the concepts of personal finance,” provided as many or more students are being exposed to personal finance instruction through the alternate class. There are no specific standards available online for the required courses. There is a Personal Finance Curriculum Resource Guide by the North Dakota Department of Public Instruction which provides links to lessons and curriculum corresponding to the concepts of personal finance required by House Bill 1400. Neither the current nor proposed high school social studies economics standards contain personal finance concepts.
In the current North Dakota Content and Achievement Standards: Social Studies Grades K-12, published in December 2007, there are some personal finance standards. Specifically, under the Economic Concepts standard, there are Personal Finance Benchmark Expectations for Grades 1, 2, 3, 4, 5, and 9-12. North Dakota is currently re-writing their Social Studies Content Standards. In the available draft, there are no personal finance standards in grades K-12, removing the standards for financial literacy instruction North Dakota students are currently receiving. The current draft was approved to send to the State Superintendent on May 16, 2019, for final review and approval.
In 2009, the North Dakota legislature passed House Concurrent Resolution No. 3016 which “urges school districts to offer students a course in financial literacy.”
North Dakota receives a “C” for ensuring some financial literacy instruction through the embedded instruction in high school and the social studies standards. If North Dakota adopts the current proposed social studies standards, they must create grade-specific financial literacy standards for grades 6-8 and make the high school financial literacy requirement a stand-alone course in order to raise its financial literacy instruction grade.