Kentucky

State-by-State Assessment with Regard to Financial Literacy and Personal Finance Education Actions

State Department of Education Link http://www.education.ky.gov/   
Legislation and Authorization Financial literacy is incorporated in the Practical Living/Vocational Studies program, beginning at the primary level and continuing all the way through high school. It is also important to make connections between financial literacy and the economics sub domain of the social studies standards where possible and appropriate. (KY Dept of Ed)
Links to State Bills  
Additional Links Graduation Requirements and Pre-college Curriculum Chart
Stand-Alone Personal Finance Standards NO
Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences NO Financial literacy is incorporated in the Practical Living/Vocational Studies program, beginning at the primary level and continuing all the way through high school. It is also important to make connections between financial literacy and the economics sub-domain of the social studies standards where possible and appropriate. (KY Dept of Ed)
Personal Finance Embedded in Social Studies or Economics Standards YES K-12 Economics connects with the Financial Literacy in the Practical Living/Vocations Studies. The Kentucky Core Academic Standards (PDF) were adopted by the Kentucky State Board of Education in June 2010. Financial literacy is incorporated in the Practical Living/Vocational Studies program, beginning at the primary level and continuing all the way through high school. In Financial Literacy Standards students will: analyze financial management practice, including budgeting, banking (e.g., check writing,balancing a checking account), savings and investments (e.g., advantages and disadvantages of savings accounts, stocks, bonds, mutual funds, certificates of deposit, IRAs, 401Ks) and explain their importance in achieving short and long-term financial goals by describing the risks and responsibilities associated with using credit (e.g., use of debit and credit cards, establishing and maintaining good credit, cause and effect of bankruptcy); create and evaluate a personal spending/savings plan determined by an individual’s short- and long-term financial goals; compare an electronic means of transfer (e.g., debit cards, ATM, automatic deposits/payments) offered by various financial institutions; develop financial goals for the future based on one’s lifestyle expectations and career choices.
It is also important to make connections between financial literacy and the economics sub-domain of the social studies standards where possible and appropriate. (KY Dept of Ed)
Personal Finance Embedded in Mathematics Common Core Standard Minor amount
State Has Adopted Mathematics and English Language Arts Common Core YES
Personal Finance or Financial Literacy Course Required or Offered YES Offered - Financial literacy is embedded in the Practical Living/ Vocational Studies Program. Financial Literacy courses are offered in CTE and Business.
Personal Finance Course Required for Graduation  NO
Personal Finance Content required in Economics or Other Course Required for Graduation   NO Personal finance is not included in the Social Studies Standard. Economics content strand is included in state Social Studies requirement. The KY DOE indicates it is important to make connections between financial literacy (Practical Living/Vocational Studies) and the economics sub-domain of the social studies standards where possible and appropriate. (KY Dept of Ed)
Prescribed or Recommended Personal Finance Curriculum  YES Recommended but not mandated. Resources are available on the KY Financial Literacy resource webpage.
State Requires Economic Reasoning /Thinking Skills  YES
State Standard Correlated with Jump$tart Financial Literacy Standard NO
State Assessment of Personal Finance Required  NO
Financial Literacy Bills Currently Being Considered by the State Legislature H.R. 25 encourages the Kentucky Board of Education to require financial literacy courses in every school.
Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate   NONE
State Appropriations and State Dept Education Funding for K-12 NO 
Established Financial Literacy Month YES By Governor Proclamation - for 9th year