CHARLESTON, WV (LOOTPRESS) – West Virginia has earned an ‘A’ grade for its financial literacy instruction in schools.
The non-profit American Public Education Foundation last week released the third edition of its national report on K-12 state-mandated personal financial education in all 50 states as well as the District of Columbia and Puerto Rico: The Nation’s Report Card on Financial Literacy.
This 50-state review – created and released every two years by the foundation – found a nation making vital changes in financial literacy instruction. However, it also found that many states still need to make it a priority.
According to the American Public Education Foundation, the 2023 analysis found that 65% (or 34 states including the District of Columbia and Puerto Rico) earned either an “A” or a “B.”
This is a stark difference compared to the foundation’s 2021 report card which found only 17 states earning high marks.
“While it is extremely encouraging to see so many states making the right decisions for their students since our last report card was released, there is still much work to be done,” says David Pickler, Executive Director of the non-profit American Public Education Foundation.
“The 35% of states that earned a ‘C’ or less is what we are focused on. The American Public Education Foundation will continue fighting for financial literacy, and our goal is to continue producing this report card until all 50 states, our capital, and Puerto Rico earn ‘As’ across the board.”
Notable changes in this 2023 report card include Florida and West Virginia jumping two letter grades to an “A,” and Connecticut and New Mexico moving from a “D” to a “B.”
Drawing upon state legislation, graduation requirements, standards, and curriculum, the APEF report card grades each state’s financial literacy instruction.
The report card gave eleven states, including West Virginia, an “A” grade for mandating personal financial education across grades K-12 and requiring a stand-alone personal finance course for high school graduation.
23 states earned a “B,” 9 states a “C,” 5 states a “D,” and 4 states an “F.”