Gaps & Needs For Financial Education In Washington Schools

At the last Work Group meeting the State Education Subcommitee presented their findings on gaps and needs for financial education in Washington schools.

Gaps:

• No financial education requirement in Washington Schools.
• No adopted set of financial education standards
• No sustainable curriculum/program
• No funding
• Little awareness of current programs and tools
• Programs/Curriculum for alternative education (religious groups, ethnic groups, home school)
• Financial education training for educators

Needs

• Funded mandate for financial education to be taught in Washington schools
• Sustainable curriculum/programs
• Adoption of financial education standards

View their presentation (PDF)

Preliminary Findings Of State Agencies Providing Funding For Financial Literacy

The State Agency Subcommittee is pleased to share its preliminary findings on which Washingotn State agencies are currently providing funding for financial literacy.

View Preliminary Findings: http://dfi.wa.gov/work-group/finlit-funding.pdf

Work Group Getting Clearer Picture Of Financial Literacy Efforts Funded By The State

The State Subcommittee recently sent out a survey to all Washington state agencies and public colleges to learn more about financial education programs that are being funded by the State.

The committee is currently analyzing survey results from more than 78 responses. The results will help them determine what programs are being funded by the State and where there are gaps and needs.

Below is a brief snapshot of some of the data gathered from the survey:

-- 33 respondents said they provide financial literacy training and/or services to Washington residents.

-- 20 respondents said they provide financial literacy training to their employees.

-- 7 respondents said that they offer grants to community and/or non-profit partners to deliver financial literacy services to residents.