Dr. Julie Heath

University of Cincinnati

225 Calhoun St. #370

Cincinnati, Oh 45219

Phone # 513-556-1653


Dr. Betsy Hedler

The Ohio History Connection

800 East 17th Avenue

Columbus, Ohio 43211

Phone # 614-297-2538

Email: OhioCEE@gmail.com


Financial Literacy

Financial literacy is defined as the ability to read, analyze, manage and communicate about the personal financial conditions that affect material well-being. It includes the ability to discern financial choices, discuss money and financial issues without (or despite) discomfort, plan for the future and respond competently to life events that affect every day financial decisions, including events in the general economy. Report of the NASBE Commission on Financial and Investor Literacy


The Ohio Core – High School Personal Finance Requirements


Amended Substitute Senate Bill 311, as codified in Ohio Revised Code §3313.603(C)(6) and signed into law on Jan. 3, 2007 requires integration of economics and financial literacy within social studies classes or another class:


“Each school shall integrate the study of economics and financial literacy, as expressed in the social studies academic content standards adopted by the state board of education under section 3301.079 of the Revised Code, into one or more existing social studies credits required under division (C)(6) of this section, or into the content of another class, so that every high school student receives instruction in those concepts. In developing the curriculum required by this paragraph, schools shall use available public/private partnerships and resources and materials that exist in business, industry, and through the centers for economics education at institutions of higher education in the state.”


 Financial Literacy Implementation Committee Report


The Financial Literacy Implementation Committee (FLIC), a subcommittee of the Ohio Council of Personal Finance Education, developed a comprehensive set of high school financial education recommendations addressing the questions of who, what, where, when and how of implementing SB 311. The FLIC report was presented and received by the State Board of Education’s Achievement Committee in April 2008 as part of an update of the efforts to develop options and strategies for schools to use as they plan to integrate the instruction of personal finance into their courses of study in response to SB 311. The FLIC report should be reviewed as a progress update only and not as a mandate for schools or as a fixed limit of the choices available to districts in how to best provide personal finance education for Ohio’s students.


Standalone Financial Literacy Academic Content Standards can be downloaded HERE. 


Financial Literacy Standards that are imbedded in the Social Studies Academic Content Standards Model Curriculum can be downloaded HERE.


House Bill 1 requires each city, exempted village and local district to adopt a resolution describing how the district will address college and career readiness and financial literacy in the middle grades.  Once adopted, the district shall submit that resolution to the department of education along with their implementation plans.


DRAFT Financial Literacy Standards for Primary and Middle Grades

Unlike other grade level standards, these have been created for primary grades and middle grades and are included under each of the 27 high school content statements. How and when that information is integrated into the classroom remains a local decision. Unlike the high school standards, teacher licensure in financial literacy is not a requirement at this time. These are not intended to be stand-alone courses, but rather integrated content to be included within the scope of other content areas as appropriate in local courses of study.


Financial Literacy Requirements Facts and Questions: http://education.ohio.gov/Topics/Academic-Content-Standards/Financial-Literacy/Financial-Literacy-Requirement-FAQs



The information above was taken from various pages on the ODE’s website related to Financial Literacy and Personal Finance. To ensure you have the most recent information, please visit the ODE site and type “financial literacy” in the search box: http://education.ohio.gov/


© 2015 Ohio Council on Economic Education