Programs - How JANJ Helps You Reach The Graduation Requirements
New Jersey Department of Education Updates to Core Curriculum Content Standards for Personal Financial Literacy and New Graduation Requirement For Financial Literacy
2.5-Credit Graduation Requirement for Financial, Economic, Business and Entrepreneurial Literacy Clarification Statement:
N.J.A.C. 6A:8-5.1(a)1v requires “At least 2.5-credits in financial, economic, business, and entrepreneurial literacy, effective with the 2010-2011 grade nine class.” The goal of this requirement, adopted by the State Board of Education on June 17, 2009, is to ensure that students demonstrate understanding about how the economy works and their own role in the economy, and also develop the necessary skills to effectively manage personal finances by the time they graduate.
New Jersey Core Curriculum Content Standards for 21st-Century Life and Careers
21st-century life and career skills enable students to make informed decisions that prepare them to engage as active citizens in a dynamic global society and to successfully meet the challenges and opportunities of the 21st-century global workplace.
2009 New Jersey Core Curriculum Content Standards 9.2 Personal Financial Literacy Goal:
All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
Standard 9.2 describes skills that prepare students for personal and civic financial literacy. The inclusion of Personal Financial Literacy as a standard, rather than as a strand, reflects the growing need for 21st-century citizens to be financially literate, particularly in light of the increasing number of financial choices they face due to the global economy. Financial literacy includes the application of knowledge, skills, and ethical values when making consumer and financial decisions that impact the self, the family, and the local and global communities.
Standard 9.2 is aligned to the Jump $tart Coalition for Personal Financial Literacy's and includes seven strands:
- Income and Careers
- Money Management
- Credit and Debt Management
- Planning, Saving, and Investing
- Becoming a Critical Consumer
- Civic Financial Responsibility