A Tool for Reviewing K-12 Financial Education Curricula
Nov 5, 2015
To help school district leaders and teachers make informed decisions about the adoption and use of appropriate K–12 financial education curricula, RAND researchers document the current state of the literature and advance a set of criteria for assessing the content, utility, quality, and efficacy of the curricula.
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Financial education during elementary and secondary school years can provide a solid foundation of skills and knowledge that students will need for financial decisionmaking later in life. Financial education during the K–12 years can help build students' knowledge of consumer financial products, money management basics, knowledge of where and how to seek balanced or unbiased information, and skills at carrying out financial tasks. There are numerous financial education materials targeted at K–12 students. However, little exists in the way of guidelines or criteria that would allow educators to assess the content, utility, quality, and efficacy of these curricula. In addition, school district leaders and teachers have limited time and other resources to make informed decisions about the adoption and use of appropriate curricula. The Office of Financial Empowerment at the Consumer Financial Protection Bureau contracted with RAND to develop criteria that can be used to assess K–12 financial education curricula. This report documents the current state of the literature and advances a set of criteria — based on the literature and discussions with financial curriculum experts, teachers, and financial education curriculum developers — for assessing financial education curricula on multiple dimensions.
The Effects of K–12 Financial Education
Financial Education Content Standards and Curriculum Assessment Criteria
Financial Education Curriculum Rubric
Summary and Discussion
K–12 Financial Education Curriculum Review Rubric
National Financial Literacy Standards
Criteria Assessment Rubrics for K–12 Instructional Materials and Curricula
This research was sponsored by the Consumer Finance Protection Bureau and conducted within the Center for Financial and Economic Decision Making within RAND Labor and Population, as well as RAND Education.
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