Idaho Department of Education

Idaho passed House Bill (HB) 92 requiring each LEA serving students in grades 9-12 to offer financial literacy courses, beginning with the 2023-2024 school year.

Parallel to this effort, the State Board of Education updated the high school graduation requirement around social studies to include a financial literacy component: “Social Studies. Five (5) credits are required, including government (two (2) credits), United States history (two (2) credits) and economics/financial literacy (one (1) credit).”

Financial literacy for the 2023-2024 school year will be taught based on these core competencies in HB 92 (2023):

1. Recognize the influence of money on human behavior;
2. Learn about various types of bank accounts;
3. Evaluate various investment options and calculate net worth;
4. Learn about various types of credit and how credit rating is determined;
5. Understand the essentials of financing a college education;
6. Evaluate various types of insurance associated with independent living;
7. Recognize the purpose of the tax system and how it relates to each citizen and the citizen's income;
8. Build a budget for independent living; and
9. Recognize and utilize modern consumer skills, tools, and practices.

Most schools will implement financial literacy into their economics course. Standards are currently being revised for this course and will include the financial literacy competencies in the 2024-2025 school year.

No. Financial literacy falls under social studies and cannot meet any math requirements.