Washington

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

State's Jump$tart Website, to Be Linked to New State Pages Created by The Patrick Collins Group http://www.wajumpstart.org/ 
State Department of Education Link http://www.sbe.wa.gov/  
Legislation and Authorization H.B. 1594
Signed by governor 5/5/11, Chapter 262
Establishes term limits for membership on the financial education public-private partnership. Adopts the jumpstart coalition national standards in K-12 personal finance education as the essential academic learning requirements for financial education. A lot of Bills have passed regarding financial literacy
Links to State Bills Financial Literacy Legislation Link
Additional Links  
Stand-Alone Personal Finance Standards NO No Washington State Department of Education developed standards, however the Jump$tart National Standards for Personal Financial Literacy are the essential academic learning requirements for financial literacy. (Chapter 262 signed by the Governor 2011)
Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences NO
Personal Finance Embedded in Social Studies or Economics Standards NO
Personal Finance Embedded in Mathematics Common Core Standard YES CCSS Tasks Embedding Financial Literacy: Tasks were developed by secondary mathematics and CTE teachers across Washington from both urban and rural areas. These teachers have incorporated financial literacy in their classroom and have received training on the Common Core State Standards and the Jump$tart Financial Literacy standards. Tasks were validated by content experts in the CCSS in mathematics. The tasks demonstrate how financial literacy standards can be incorporated within mathematics classrooms that are implementing the standards.
State Has Adopted Mathematics and English Language Arts Common Core YES
Personal Finance or Financial Literacy Course Required or Offered State has several Financial Literacy and Personal Finance On-Line Courses for high school students for $300 that adheres to Mathematics of Personal Finance Standards (and NCTM Standards) for Financial Literacy. Mathematics/Business Studies- are available in grades 7-12.
Personal Finance Course Required for Graduation  NO
Personal Finance Content required in Economics or Other Course Required for Graduation   NO Washington does not require personal finance and economics for graduation.
Prescribed or Recommended Personal Finance Curriculum  NO
State Requires Economic Reasoning /Thinking Skills  NO
State Standard Correlated with Jump$tart Financial Literacy Standard YES Jump$tart Coalition National Standards in K-12 personal finance education are the essential academic learning requirements for financial education. 2011
State Assessment of Personal Finance Required  NO
Financial Literacy Bills Currently Being Considered by the State Legislature H.B. 1173 and S.B. 5483, which adds the state treasurer or state treasurer's designee as a member to the Financial Education Public-Private Partnership. Provides that the travel expenses of teachers who are members of the Partnership be paid for official meetings and that school districts must allow them to attend official meetings. It modifies the duties of the partnership and requires the Office of the Superintendent of Public Instruction to make financial education curriculum available to school districts, and school districts to provide courses with this curriculum.
Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate  H.B. 1594 signed by governor 5/5/11, in Chapter 262 establishes term limits for membership on the financial education public-private partnership. Also adopts the Jump$tart Coalition National Standards in K-12 Personal Finance Education as the essential academic learning requirements for financial education. A bill signed by the governor in 2007 provides that, to the extent funds are appropriated or are available for this purpose, the superintendent of public instruction and other members of the partnership created in RCW 28A.300.455 shall make available to school districts the list of identified financial literacy skills and knowledge, instructional materials, assessments, and other relevant information. Encourages each school district to provide its students with an opportunity to master the financial literacy skills and knowledge developed under RCW 28A.300.460.
State Appropriations and State Dept Education Funding for K-12 NO 
Established Financial Literacy Month N/A