Last week, the 2012 Programme for International Student Assessment (PISA) released the findings from the largest international financial literacy assessment ever conducted – and the data was revealing. While China received top marks all around, US scores placed American students squarely in the middle of the 18 nations tested. This widely syndicated article, originally published by Associated Press, points to data from CEE’s Survey of the States as evidence of the variation from state-to-state in what is required, noting that only 19 states require a personal finance to be taught in high school.
Additionally, PBS reached out to our CEO and President Nan J. Morrison for comment.
Like many other leaders in the financial literacy space, she remarked that the results were disappointing, but not surprising given that many parents and teachers do not feel equipped to pass personal finance skills onto their children. But on a positive note, as a benchmark for progress, the PISA results will be incredibly helpful to parents, educators, policy makers and advocates as we work to improve.