USA Financial literacy:

According to financial literacy statistics 63% people are financially literate in USA.
The united states department of treasury established its office for financial education in 2002
and according to financial literacy and education improvement act 2003 the us congress
established the financial literacy and education commission. This commission develop
national strategy for financial literacy. Many organizations support the financial literacy
movement. The council for economic education (CEE) conduct a survey in 2009, in which
they target different states and found that 44 states have personal financial education while
only 16 states need personal financial education at high school level. (CEE) introduce
different course in personal finance in that 16 states.

Current state of financial literacy in USA:

A non-profit organization jumpstart is doing work for financial education in US since
1995. The Jumpstart Coalition comprises more than 150 corporates, academic, non-profit and
government organizations that, together provide advocacy, research, standards and
educational resources for financial education. The main objective of this organization is to
financially literate the students of different school. The slogan of this organization “financial
smart for students” was also established by the students of Bladensburg High
School in Maryland. Jumpstart coalition maintain the national standards in K-12 personal
finance education. Which provide program design and evaluation framework for students and
teachers. Later on this organization also introduce April financial literacy month for youth
which highlights the importance of financial literacy in America. In financial literacy month
different organization performed and promote this month. It teaches the basic financial skills
to students of different age group and some activities for specific aged group people. While
this month teaches universal principles of financial literacy to all ages.

Financial literacy K-12:

The basic program which is run by USA organization jumpstart coalition is named as
financial literacy K-12. This program is for awareness of financial education among all group
ages. The main aim of this program is to financially literate the average students graduating
from high school who have lack of basic financial skills. Many have no idea how to manage
their finance and how to make savings. K-12 is providing different modules which are very
helpful for students. Manu organizations are involved in this program to promote financial
literacy in country. This program is using different resources for conducting different
activities in different states
The main resources of financial literacy K-12 are government, business and corporate
and non-profit organization.

1 Government resources
2 Business and corporate resources
3 Non-profit resources
 1. Government resources:
Government resources is the most powerful resource of this program government is
helping this organization for promoting financial literacy by different ways which
includes
 My money.gov
 Federal reserve bank of New York
 Understanding taxes
My Money.gov:
MyMoney.gov Developed by the Financial Literacy and Education Committee,
MyMoney.gov is the U.S. government’s website dedicated to teaching all Americans the
basics about financial education. Throughout the site, you will find important information
from 20 federal agencies government wide.
Federal Reserve Bank of New York
The Federal Reserve Bank of New York offers workshops and seminars to educators
from elementary school through junior college who teach personal finance principles;
advisors to high school seniors and incoming college freshmen, trainers at community-based
organizations and students at all education level.
Understanding Taxes
Understanding Taxes is a tax education course developed for middle school and high
school curriculums. Understanding Taxes introduces students to tax terminology, tax history,
politics and the economics of taxation as well as presenting several taxpayer simulations for
an interactive experience with return preparation.

2. Business and Corporate Resources:

Business and corporate also playing an important role to promoting this program by
different ways which include.
 Stock Market Game:
 The Mint:
 Practical Skills for Life:

Stock Market Game:

The SIFMA Foundation’s Stock Market Game™ (SMG) gives students the chance to
invest a hypothetical $100,000 in an on-line portfolio. They think they’re playing a
game. You know they’re learning economic and financial concepts they’ll use for the
rest of their lives.
The Mint:
The North-western Mutual Foundation partnered with the National Council on
Economic Education (NCEE) in creating TheMint.org, to emphasize personal
 financial literacy. The Web site provides tools to help parents as well as educators
teach children about sound money management and establish good money habits at
home.

Practical Skills for Life:

The Practical Skills for Life website provides online tools and resources including
lesson plans, calculators, games, and a banking tutor which enable youths and
consumers of all ages to practice better money management. In addition, Visa has
created free classroom materials that educators can use to teach personal finance.
3. Non-profit Resources:
Some non-profit organizations are also conducting some activities at school level to
promote this financial program some non-profit organizations which are involved in this
program are:
 The Summit Bank Foundation
 NEFE High School Financial Planning Program
 Money SKILL

The Summit Bank Foundation

The foundation produces and sponsors a program called the ABCs of Financial
Literacy and provides comprehensive curriculum guides, lesson plans and weekly sets of
newspapers at no cost to educators.
NEFE High School Financial Planning Program
NEFE curriculum includes student manuals, an instructor’s guide, and a number of
Web pages that offer a large, continually growing collection of resources, articles, and
financial tools for teachers, students, and parents.
Money SKILL
Money SKILL is an online personal finance curriculum aimed at the millions of high
school students who graduate each year without an understanding of credit cards, budgeting,
insurance or other money management fundaments. Money SKILL aims to make the learning
process more interesting and enjoyable by providing hands-on exercises and activities