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FINANCIAL RE$PON$IBILITY IN$TRUCTION . LET’$ GET PER$ONAL!. October 14, 2009 Presented by: Peggy Wild, PhD, CFCS, CTE State Program Specialist, Department of Education Melissa Abriani, CTE State Program Specialist, Department of Education. QUIZ!. WHY?.
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FINANCIAL RE$PON$IBILITY IN$TRUCTION LET’$ GET PER$ONAL! October 14, 2009 Presented by: Peggy Wild, PhD, CFCS, CTE State Program Specialist, Department of Education Melissa Abriani, CTE State Program Specialist, Department of Education
WHY? In nine (9) years, the retired population will be more educated than the current workforce.
WHAT? WHO? WHEN? WHERE? HOW?
IC 20-30-5-19 Personal Financial Responsibility Instruction Sec. 19. (a) Each school corporation, charter school, and accredited nonpublic school shall include in its curriculum for all students in grades 6 through 12 instruction concerning personal financial responsibility. (b) A school corporation, a charter school, and an accredited nonpublic school may meet the requirements of subsection (a) by: (1) integrating, within its curriculum, instruction; or(2) conducting a seminar; that is designed to foster overall personal financial responsibility. (c) The state board shall adopt a curriculum that ensures personal financial responsibility is taught: (1) in a manner appropriate for each grade level; and(2) as a separate subject or as units incorporated into appropriate subjects; as determined by the state board. As added by P.L.154-2009, SEC.2.
What does “personal financial responsibility instruction” mean? • Financial literacy is the ability to use knowledge and skills to manage one's financial resources effectively for a lifetime of financial security. • “Instruction concerning personal financial responsibility”
Who has to receive this instruction? • “All students in grades six (6) through twelve (12)” Don’t freak out, you can do it!
In what form does the instruction have to be delivered? • “Integrating, within its curriculum, instruction” • “Conducting a seminar” • “In a manner appropriate for each grade level”
Who can teach personal finance? • “As a separate subject or as units incorporated into appropriate subjects” • Middle School • Business Education • Family & Consumer Sciences • Other • High School • Business Education • Family & Consumer Sciences • Other
What resources are available? • Financial Literacy Website http://doe.in.gov/octe/facs/IndianaFinLitEd-FrontPage.html
Middle School Standards High School Standards
What resources are available? • Financial Literacy Website • Free curriculum, lesson plans and learning resources through national and state organizations • Professional development opportunities http://doe.in.gov/octe/facs/IndianaFinLitEd-FrontPage.html
This policy takes effect immediately! Questions? Comments? Concerns? • Thank You!