Personal Financial Management and Financial Literacy

Public Act 23-21 as codified in C.G.S. § 10-221a requires local and regional boards of education to provide learning opportunities for all students to accumulate one-half credit in personal financial management and financial literacy courses commencing with the graduating class of 2027. 

Critically applying financial literacy competencies prepares students for success in learning, life, and work beyond the classroom.

Personal Finance is not a stand-alone Career Cluster or Career Pathway. Courses in Personal Finance or Financial Literacy can be listed appropriately in Programs of Study in the Business Management & AdministrationFinance, or Marketing Career Clusters as part of a program of study.

State Standards

On May 4, 2022, the Connecticut State Board of Education adopted the MBA Research Standards for the Career Clusters of Business Management & Administration, Finance, and Marketing.   The MBA Research Standards reflect the importance of equipping students with the skills and knowledge needed for any career in business. The MBA Research standards are organized on the premise of starting broad and narrowing in specificity as the student progresses in their program of study. This ensures that students enter the workforce, college, or a career with an understanding of these core concepts.

Standards Alignment

The State Board of Education (SBE) formally adopted the MBA Research Standards for the 3 business-related Career and Technical Education Career Clusters in May of 2022. Adoption of the NextGen Personal Finance Curricula for the CSDE Model Curricula for grades 6-8 and 9-12 followed in June 2022.  The Learning Outcomes (Jump$tart) and Performance Indicators (MBA Research) align in many aspects and are complimentary. Jump$tart and MBA Research have independently developed nationally vetted standards for Personal Finance.

Educator Resources

CSDE Financial Literacy 9-12 Model Curricula

The CSDE 6-12 Model Financial Literacy Collection Resources | GoOpen CT has developed a model financial literacy course in partnership with

Next Generation Personal Finance (NGPF). The NGPF Semester Course is designed to be an engaging, teacher-led curriculum for grades 9-12. This course is perfect for teachers who have an entire semester to teach personal finance concepts. It features lesson plans to meet diverse learning styles; rigorous, engaging activities throughout the term; and a digital format so that content is always up-to-date and accessible. The course content aligns to the State Board Education (SBE) Approved Marketing and Business Administration (MBA) Research National Standards for Personal Financial Education, and Jump$tart Standards.

Approved Supplemental Resources – GoOpenCT OER Collection