New Mexico

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

State Department of Education Link http://sde.state.nm.us/   
Legislation and Authorization YES Signed by governor 3/3/10, Chapter 25 Allows financial literacy that meets state standards to qualify for one of the four required mathematics units for students beginning ninth grade in 2009-2010; reconciles multiple amendments to the same section of law. YES Signed by Gov April 2, 2007 Relates to public schools; requires that financial literacy be offered as an elective.
Links to State Bills  
Additional Links  
Stand-Alone Personal Finance Standards NO
Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences NO
Personal Finance Embedded in Social Studies or Economics Standards YES Personal Finance Content - 9-12 Benchmark 4-A: Analyze various investment strategies available when meeting personal and business goals; Understand personal financing (e.g., banking, credit, debit, lending institutions).
Personal Finance Embedded in Mathematics Common Core Standard Minor amount
State Has Adopted Mathematics and English Language Arts Common Core YES However, the New Mexico Common Core State Standards (NMCCSS) will be phased-in over three years and won't be in full effect until 2015.
Personal Finance or Financial Literacy Course Required or Offered YES Law signed by the governor in 2007 requires that financial literacy be offered as an elective in public schools. Elective social studies, family and consumer science and business courses include financial literacy. Financial Literacy-Math Elective can meet a math requirement for graduation.
Personal Finance Course Required for Graduation  NO Financial Literacy-Math Elective can meet a math requirement for graduation.
Personal Finance Content required in Economics or Other Course Required for Graduation   NO New Mexico does not require personal finance content for graduation.
Prescribed or Recommended Personal Finance Curriculum  NO
State Requires Economic Reasoning /Thinking Skills  YES Common Core.
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 NONE 
Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate  Signed by the governor 3/3/10, Chapter 25 allows financial literacy that meets state standards to qualify for one of the four required mathematics units for students beginning ninth grade in 2009-2010; and reconciles multiple amendments to the same section of law. A Law signed by the governor in 2007 requires that financial literacy be offered as an elective in public schools.
State Appropriations and State Dept Education Funding for K-12 NO 
Established Financial Literacy Month N/A