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Oklahoma schools require students be financially literate

 
BY DON MECOY | Published: September 27, 2009    Comment on this article Leave a comment

Many Oklahoma public schools have launched now-required financial literacy education, with instruction beginning as early as seventh grade.

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By 2014, Oklahoma’s graduating seniors must have competed coursework in the basics of balancing a checkbook, budgeting and saving, investing, Internet shopping, gambling and other financial matters that most adults need to know.

Schools can create a specific class to meet the requirements or offer the lessons in the context of other courses.

But what about those of us who already are practicing the art and science of personal finance?

We decided to offer a chance to gauge your personal finance IQ by borrowing some questions from quizzes administered to students across the nation to assess their knowledge.

Sue Lynn Sasser, executive director of the Oklahoma Council of Economic Education and one of the creators of state-approved financial literacy curriculum, said she expects most adult Oklahomans would fare about as well on average as Americans who have been tested in the past.

"They’ll know some things about the very general basics, but when it gets to savings and investing and some of the other specialized topics they’ll probably run about 50 percent correct,” Sasser said.

For those who do poorly on the quiz, you might ask one of our newly educated teens for some pointers.

So grab your No. 2 pencil and get busy.

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