Arizona Gets Good Grade for Financial Literacy

July 16, 2013

Arizona gets a good grade in a new report on how well states teach financial literacy to high school students. From Phoenix, KJZZ’s Mark Brodie has more.

The Center for Financial Literacy at Champlain College gives Arizona a "B" for its efforts. Among other things, the report cites Arizona’s requirement that financial literacy be incorporated into other subject areas.

Earlier this year, the governor signed into law a measure that requires personal finance be included in social studies standards. That includes learning about setting short and long-term financial goals, spending, saving, income and investing and how various factors can affect future income.

Nationwide, only seven states got As, including Utah and Idaho, while 12 other states got Bs. Texas and Colorado were among those in that category. Eleven states received an F, including California.

In compiling the report, researchers looked at data from sources like the National Conference of State Legislatures and the JumpStart Coalition on Personal Finance Literacy.