High Schoolers Need Economics, Not Just ‘Financial Literacy’
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Many US states are mandating personal finance courses over economics classes, despite financial literacy being a practical application of economics. Teaching financial literacy without economics leaves students lacking the reasoning to apply financial concepts.
The US is observing National Financial Literacy Month, but many states are prioritizing personal finance courses over economics classes. By 2026, 39 states required financial literacy classes for high school graduation, while only 22 states mandated economics classes. Financial literacy is not a standalone subject, but rather applied economics. Teaching financial literacy without economics leaves students with rules lacking reasoning. Economics provides analytical tools like opportunity cost and marginal thinking, essential for financial decisions. Students with a basic grounding in economic reasoning absorb and retain financial concepts more effectively.
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