North Dakota Improves Grade In Financial Literacy

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(KNOX) – State School Superintendent Levi Bachmeier lauded North Dakota’s improvement on a national financial literacy report card, saying the result strengthens efforts to make North Dakota the nation’s most financially literate state.

The report card examined state laws, educational policies, and curricula that affect financial literacy instruction in each state’s K-12 schools. It is published every two years by the Tennessee-based American Public Education Foundation, or APEF.

In 2023, the report card rated North Dakota a “C” on financial literacy instruction. This year’s edition moved the grade to a “B,” citing a new legislative mandate that each high school student complete one-half unit of financial literacy or receive instruction in other classes about personal finance elements, including budgeting, investing, debt, and risk management.

“Our state government has set a goal of having North Dakota rated as the nation’s most financially literate state by 2027,” Bachmeier said. “This improvement on a national report card represents important progress toward that goal.”