Personal Financial Literacy
Latest News and Updates
Presentations
A Personal Financial Literacy Summit co-sponsored by the Colorado Department of Education and the Colorado Jump$trat Coalition was held in April 2010. Its purpose was to bring together district leadership to support the implementation of personal financial literacy expectations as part of Colorado’s newly revised mathematics and economics standards. The agenda included an orientation to the new expectations in Personal Financial Literacy, a keynote address from Mark Snead, Assistant Vice President of the Federal Reserve Bank of Kansas City, facilitated discussions regarding implementation implications, and scholarship drawings.
In addition the Colorado Jump$tart Coalition sponsored Money Smart Colorado, held April 24 through May 1, 2010, with a free teacher workshop on May 1, 2010. Information on this event can be found at: http://www.cojumpstart.org/.
Presentations from these events can be found at: http://www.cde.state.co.us/cdeassess/UAS/Presentation_and_Research.html.
Resources
A Personal Financial Literacy Addendum document has been created to allow an "at a glance" view of the personal financial literacy expectations from both the social studies and mathematics standards. These documents can be found here: State Standards & Assessments - Personal Financial Literacy
Overview
Pursuant to the requirements of House Bill 04-1360 (Colorado Revised Statutes, 22-7-127), the Colorado Department of Education has developed a financial literacy resource bank to provide technical assistance in financial literacy to school districts. In addition to House Bill 04-1360, House Bill 1168, passed in 2008, required the adoption of standards for Financial Literacy.
The Colorado State Legislature has allocated $40,000 to CDE to promote financial literacy and to create and maintain a resource bank of materials pertaining to financial literacy. Financial literacy enables students to manage savings, investment, and checking accounts, to design and maintain a household budget, to manage personal debt, to understand consumer credit and finance, to manage personal credit options, and to understand and select among short-term and long-term investment options.
In December 2009, the Colorado State Board of Education adopted revised content standards that included integration of Personal Financial Literacy standards within both the economics and mathematics content areas. In addition to adopting these aligned standards, CDE will continue to build upon the resources in the financial literacy resource bank.
In support of this initiative a, Personal Financial Literacy Summit for district leadership will be held in spring 2010.Standards Implementation
Contact
Stephanie Hartman, Ph.D., Social Studies Content Specialist
Phone: 303.866.6764
Fax: 303.866.6874
hartman_s@cde.state.co.us
Mary Pittman, Ph.D., Mathematics Content Specialist
Phone: 303.866.6251
Fax: 303.866.6874
pittman_m@cde.state.co.us