
Grade 12: Personal Financial Literacy
These standards, designed to be taught for a quarter to a half of a school year, examine topics such as making personal economic choices and managing financial assets. Students study these topics by exploring and researching guiding questions such as, “What do I need to know and be able to do in order to achieve financial stability over time?” and “Why should I plan for the future?” Additional supporting questions appear under each topic. The questions are included to stimulate teachers’ and students’ own questions for discussion and research. Based on the National Standards for Financial Literacy, the topics below could be taught as a separate course or adapted for use in a social studies, mathematics, family and consumer science, business, or college and career readiness curriculum.
Personal Financial Literacy Topics
Earning and spending income
Saving money
Using credit and making investments
Protecting and insuring assets
Literacy in Social Studies
In studying these topics, students apply grades 9-10 or 11-12 reading, writing and speaking and listening skills and learn vocabulary and concepts related to social studies.
tory Day in New Hampshire, a program for teaching historical research that culminates in the state history competition.
Mikva Challenge, a program for teaching civic speech writing that culminates in a competition for students. Supported by New Hampshire Civics.
Youth in Government, a program to simulate the legislative process for high school students. Supported by the YMCA of Concord.
Model UN, a program to simulate the UN process for high school students. Supported by Plymouth State University.
Grade 12 Major Resources

Standards for
History and Social
Science Practice, Pre-K-12
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Develop focused questions or problem statements and conduct inquiries.
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Organize information and data from multiple primary and secondary sources.
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Analyze the purpose and point of view of each source; distinguish opinion from fact.
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Evaluate the credibility, accuracy, and relevance of each source.
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Argue or explain conclusions, using valid reasoning and evidence.
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Determine next steps and take informed action, as appropriate.

Personal Finance Content Standards
Topic 1. Earning and spending income
Compelling Question: What is the most important thing to look for in a job?
Explain that people choose jobs for which they are qualified based on a variety of factors, such as job satisfaction, independence, salary, opportunities to learn and grow, benefits such as health insurance coverage, retirement plans, parental leave coverage, childcare availability and cost, and location.
Explain why wages and salaries are determined by the paid and unpaid labor markets, and how changes in economic conditions (such as a recession), caregiving responsibilities, or the labor market (such as business shift from coal to oil or natural gas) can affect changes in a worker’s income or may cause unemployment.
Analyze the impact of federal income tax rates on people of different income levels in the United States from 1950 to the present.
Describe different ways individuals, households, businesses and governments make economic decisions, such as developing budgets and analyze evidence based recommendations for budgeting income.
Explain the importance of making a household budget and to avoid pressures to spend outside that budget.
Give examples of ways people can pay for goods, services, or charitable donations (e.g., barter, cash, credit or debit card, check, mobile phone payment, layaway plan, rent-to-own) and analyze the costs and benefits of each method of payment.
Explain the history of state and federal governments’ roles in consumer protection and subsidising caregiving, and social security.
Suggested Inquiries1.1 C3 Teachers: Does It Matter What I Want to Be When I Grow Up? 1.1 Plymouth State: What factors go into accepting jobs? 1.2 Next Gen Personal Finance: Career Fit 1.3 Next Gen Personal Finance: Activity Bank Taxes 1.4 Next Gen Personal Finance: Budgeting Basics 1.4 Next Gen Personal Finance: Creating Your Own Budget 1.4 Next Gen Personal Finance: Your Values and Money 1.5 Coming Soon: Why is it important to build a budget? 1.6 Coming Soon: How does the government protect consumers? 1.7 Coming Soon: Why is consumer protection important? |
Topic 2. Saving money
Compelling Question: What can banks do for consumers?
Recognize that banks and other financial institutions are businesses that loan funds received from depositors to borrowers.
Explain the relationship between principal (the initial amount of money deposited in a bank by a person), interest (the amount earned from a bank, usually annually), and compound interest (interest earned on the principal and the interest already earned).
Explain the difference between the real interest rate of return on savings (adjusted for inflation) and the nominal interest rate.
Research and report on government policies such as individual retirement accounts and educational savings plans, analyzing their effectiveness as incentives for saving.
Analyze the effectiveness of government agencies such as the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation and state banking departments in protecting the safety of the nation’s banking system, equity, and consumer interests.
Formulate a savings or financial investment plan for a future goal (e.g., college or retirement) while considering factors like parenthood on those financial plans.
Suggested Inquiries2.1 Marginal Revolution University: How do banks make money by accepting deposits and giving loans, and why are interest rates important in this? 2.1 Coming Soon: Can loaning money help banks grow their business? 2.2 Marginal Revolution University: Do principal, interest, and compound interest work together to affect your savings over time? 2.2 Coming Soon: Does compound interest add to your savings more than simple interest, and why is it important long term? 2.3 Coming Soon: How does inflation change the real interest rate compared to the nominal interest rate, and why does this matter for saving money? 2.3 Coming Soon: Should you consider the difference between real interest and nominal interest when saving money? 2.4 Coming Soon: What type of savings account should I use? 2.5 Plymouth State: How is my money protected? 2.6 Plymouth State: When and how should you start saving for retirement? 2.6 Plymouth State: How to create savings or financial investment plan for a future goal? |
Topic 3. Using credit and making investments
Compelling Question: What are the benefits and risks of using credit and investing?
Recognize that a credit card purchase is a type of loan from the financial institution that issued the credit card, that financial institutions may charge a fee for credit card use, and that credit card interest rates tend to be higher than those for other types of loans.
Explain why some banks offer credit at low introductory rates that increase when a consumer makes a late payment or misses a payment; explore data on people most likely to carry credit card debt and why.
Explain what a credit bureau does, what a credit rating is and the factors from an individual’s credit history that may lead to denial of credit; explain the potential uses of credit reports and scores (e.g., in hiring or renting decisions or the setting of insurance premium rates).
Research and report on the long-term consequences for borrowers of various backgrounds on failure to repay loans, such as negative entries in a credit report, repossession of property, garnishment of wages, the inability to obtain loans in the future, and bankruptcy.
Explain a consumer’s rights for full disclosure of credit terms for a loan and for a free copy of their own credit report so that the consumer can verify it.
Formulate a credit plan for purchasing a major item such as a car or home, comparing different interest rates.
Explain what a financial asset is (e.g., bank deposit, stocks, bonds, mutual funds, real estate) is and explain why the worth of assets can go up or down over time; explore data on which groups own financial assets considering factors like race, class, and gender.
Explain how buyers and sellers in financial markets determine the prices of financial assets and therefore influence the rate of return on those assets.
Analyze the role of diversification – having an investment portfolio with different kinds of assets – in lowering risk for the individual investor.
Analyze the role of the Securities and Exchange Commission in regulating financial markets.
Suggested Inquiries3.1 Federal Reserve: What Is the Best Strategy for Paying Off Credit Card Debt? 3.1 Plymouth State: Should you use credit over cash? 3.2 Council for Economics Education: Why do credit cards seem so enticing? 3.3 Coming Soon: Do your spending habits relate to buying a house, taking out a loan, or applying for a job? 3.4 Coming Soon: What are the long term consequences of poor credit usage? 3.5 Coming Soon: How might knowing your credit score benefit your financial decisions? 3.6 Coming Soon: What ways can you purchase a car or home? 3.7 Council for Economics Education: What are ways you can invest your money? 3.8 Coming Soon: How do buyers and sellers influence the financial market? 3.9 Coming Soon: Would you rather specialize your investments, or invest broadly? 3.10 Coming Soon: How does the SEC regulate financial markets? |
Topic 4. Protecting and insuring assets
Compelling Question: How does an individual decide if insurance is worth its costs?
Explain the purpose of various types of insurance (e.g., health, disability, life, property and casualty); research the costs and coverage of a particular type of insurance from several different companies and analyze which company provides the best option for a particular type of consumer (e.g., a young family, a retiree); explore data on those most likely to be insured considering factors like race, class, and gender.
Explain the problems associated with identity theft and ways to protect sensitive personal information, particularly in online transactions, email scams, and telemarketing; explore data on those most likely to be targeted considering factors like race, class, and gender.
Suggested Inquiries4.1 Next Gen Personal Finance: Do you need Auto Insurance; If so, why? 4.1 Next Gen Personal Finance: Why would you need Renters and/or Homeowners Insurance? 4.1 Next Gen Personal Finance: Why do you need Health insurance, if so why? 4.1 Next Gen Personal Finance: What are the other types of Insurance and why would you need them? 4.2 Next Gen Personal Finance: Do you need to protect your personal information online? If so, why? 4.2 Next Gen Personal Finance: Could you be a victim of scam or fraud? |

History and Social Science and the Standards for Literacy
Because learning civics, geography, history, and economics is dependent on and contributes to strong literacy skills, the framework contains Literacy Standards for History and Social Science. Effective history and social science instruction unites significant content with strong literacy practices. While reading in history and social science will usually focus on high quality informational texts, teachers may also use literary texts to reinforce concepts in the Content Standards.
Grades 11–12 Reading Standards for Literacy in the Content Areas: History and Social Science
Key Ideas and Details
Cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole.
Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.
Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence, acknowledging where a text leaves matters uncertain.
Craft and Structure
Determine the meaning of general academic and domain-specific words and phrases as they are used in a text, including analyzing how an author uses and refines the meaning of a key term over the course of a text (e.g., how Madison defines faction in Federalist No. 10).
Analyze in detail how a complex primary source is structured, including how key sentences, paragraphs, and larger portions of the text contribute to the whole.
Evaluate authors’ differing points of view on the same historical event or issue by assessing the authors’ claims, reasoning, and evidence.
Integration of Knowledge and Ideas
Integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem.
Evaluate an author’s premises, claims, and evidence by corroborating or challenging them with other information.
Integrate information from diverse sources, both primary and secondary, into a coherent understanding of an idea or event, noting discrepancies among sources.
Range of Reading and Level of Text Complexity
Independently and proficiently read and comprehend history/social studies texts exhibiting complexity appropriate for the grade/course.
Grades 11–12 Writing Standards for Literacy in the Content Areas
Text Types and Purposes
Write arguments focused on discipline-specific content.
Introduce precise, knowledgeable claim(s), establish the significance of the claim(s), distinguish the claim(s) from alternate or opposing claims, and create an organization that logically sequences the claim(s), counterclaims/critiques, reasons, and evidence.
Develop claim(s) and counterclaims/critiques fairly and thoroughly, supplying the most relevant data and evidence for each while pointing out the strengths and limitations of both claim(s) and counterclaims/critiques in a discipline-appropriate form that anticipates the audience’s knowledge level, concerns, values, and possible biases.
Use words, phrases, and clauses with precision as well as varied syntax to link the major sections of the text, create cohesion, and clarify the relationships between claim(s) and reasons, between reasons and evidence, and between claim(s) and counterclaims/critiques.
Establish and maintain a style appropriate to audience and purpose (e.g., formal for academic writing) while attending to the norms and conventions of the discipline in which they are writing.
Provide a concluding statement or section that follows from or supports the argument presented.
Write informative/explanatory texts, including the narration of historical events, scientific procedures/ experiments, or technical processes.
Introduce a topic and organize complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; include text features (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension.
Develop the topic thoroughly by selecting the most significant and relevant facts, extended definitions, concrete details, quotations, or other information and examples appropriate to the audience’s knowledge of the topic.
Use varied transitions and sentence structures to link the major sections of the text, create cohesion, and clarify the relationships among complex ideas, concepts, or procedures.
Use precise language, domain-specific vocabulary and techniques to manage the complexity of the topic; convey a knowledgeable stance in a style that responds to the discipline and context as well as to the expertise of likely readers.
Establish and maintain a style appropriate to audience and purpose (e.g., formal for academic writing) while attending to the norms and conventions of the discipline in which they are writing.
Provide a concluding statement or section that follows from and supports the information or explanation provided (e.g., articulating implications or the significance of the topic).
Narrative Writing (See note; not applicable as a separate requirement.)
Production and Distribution of Writing
Produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience.
Develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience.
Students’ narrative skills continue to grow in these grades. The standards require that students be able to incorporate narrative elements effectively into arguments and informative/explanatory texts. In history/social studies, students must be able to incorporate narrative accounts into their analyses of individuals or events of historical import.
Use technology, including current web-based communication platforms, to produce, publish, and update individual or shared writing products in response to ongoing feedback, including new arguments or information.
Research to Build and Present Knowledge
Conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation.
When conducting research, gather relevant information from multiple authoritative print and digital sources, using advanced searches effectively; assess the strengths and limitations of each source in terms of the specific task, purpose, and audience; integrate information into the text selectively to maintain the flow of ideas, avoiding plagiarism and overreliance on any one source and following a standard format for citation.
Draw evidence from informational texts to support analysis, interpretation, reflection, and research. (See grades 11–12 Reading Standard 1 for more on the use of textual evidence.)
Range of Writing
Write routinely over extended time frames (time for reflection and revision) and shorter time frames (a single sitting or a day or two) for a range of discipline-specific tasks, purposes, and audiences.
Grades 11–12 Speaking and Listening Standards for Literacy in the Content Areas
Comprehension and Collaboration
Initiate and participate effectively in a range of collaborative discussions (one-on-one, in groups, and teacher-led) with diverse partners on discipline-specific topics, texts, and issues, building on others’ ideas and expressing their own clearly and persuasively.
Come to discussions prepared, having read and researched material under study; explicitly draw on that preparation by referring to evidence from texts and other research on the topic or issue to stimulate a thoughtful, well-reasoned exchange of ideas. (See grades 11–12 Reading Standard 1 for more on the use of textual evidence.)
Work with peers to promote civil, democratic discussions and decision-making, set clear goals and deadlines, and establish individual roles as needed.
Propel conversations by posing and responding to questions that probe reasoning and evidence; ensure a hearing for a full range of positions on a topic or issue; clarify, verify, or challenge ideas and conclusions; and promote divergent and creative perspectives. d. Respond thoughtfully to diverse perspectives; synthesize comments, claims, and evidence made on all sides of an issue; resolve contradictions and critiques when possible; and determine what additional information or research is required to deepen the investigation or complete the task.
Integrate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, orally) in order to make informed decisions and solve problems, evaluating the credibility and accuracy of each source and noting any discrepancies among the data.
Evaluate a speaker’s point of view, reasoning, and use of evidence and rhetoric, assessing the stance, premises, links among ideas, word choice, points of emphasis, and tone used.
Presentation of Knowledge and Ideas
Present information, findings, and supporting evidence, conveying a clear and distinct perspective, such that listeners can follow the line of reasoning, alternative or opposing perspectives are addressed, and the organization, development, vocabulary, substance, and style are appropriate to purpose, audience, and a range of formal and informal tasks.
Make strategic use of digital media (e.g., audio, visual, and interactive elements) in presentations to enhance understanding of findings, claims, reasoning, and evidence and to add interest.
Adapt speech to a variety of contexts and tasks, demonstrating a command of formal English when indicated or appropriate.
