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MoneyAndStuff.info was created to help solve one of Ohio's most pressing problems: teaching young people how to become responsibly manage their finances.

MoneyAndStuff.info helps educators and parents fulfill The Ohio Core �Personal Finance Requirements

Amended Substitute Senate Bill 311, as codified in Ohio Revised Code §3313.603(C)(6), requires integration of economics and financial literacy within social studies classes or another class. Ohio's credit unions saw a need for financial education before the Bill was passed and created MoneyAndStuff.info to assist educators with lesson plans and other classroom activities for kids and teens.

Click here for a PDF document containing additional information on the bill.

Amended Substitute Senate Bill 311, also known as the Ohio Core, requires integration of economics and financial literacy within social studies classes or another class. Listed below are frequently asked questions about financial literacy requirements under this law.

Specifically, the law specifies:

"Each school shall integrate the study of economics and financial literacy, as expressed in the social studies academic content standards adopted by the state board of education under section 3301.079 of the Revised Code, into one or more existing social studies credits required under division (C)(6) of this section, or into the content of another class, so that every high school student receives instruction in those concepts. In developing the curriculum required by this paragraph, schools shall use available public-private partnerships and resources and materials that exist in business, industry, and through the centers for economics education at institutions of higher education in the state."

The following is from the Ohio Dept. of Education:

When are schools required to begin teaching financial literacy?

The financial literacy requirement of the Ohio Core (Am. Sub. S.B. 311) is effective with freshmen who enroll in high school on or after July 1, 2010 �the graduating class of 2014. Many schools have already begun including financial literacy in their programs of studies.

Is there a formally approved curriculum for financial literacy?

No. There is no formally approved course of study. Financial literacy content is expressed within the Social Studies Academic Content Standards. Schools are expected to teach:

  • relationship of income level to supply and demand in the market;
  • roles of people in the economy;
  • consequences of choices affecting budgets, savings, credit, philanthropy and investments; and
  • the effect of interest rates on savers and borrowers.

At what grade level are schools required to teach financial literacy?

There is no specified grade level for the teaching of financial literacy. Although the referenced content is found under the 11th-grade economics part of the Social Studies Academic Content Standards, schools have the option of teaching financial literacy at grades 9, 10, 11 or 12.

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