New Jersey Core Curriculum Content Standards
21st Century Life and Careers
- Standard 9: 21st Century Life and Careers
- 2.5 Credit Graduation Requirement for Financial, Economic, Business and Entrepreneurial Literacy Clarification Statement
Five-Credit Graduation Requirement for 21st Century Life and Careers or Career and Technical Education - N.J.A.C. 6A:8-5.1(a)2i1
Standard 9 Graduation Requirement
N.J.A.C. 6A:8-5.1 requires that students complete five credits in 21st century life and careers or career and technical education, as follows:
(a) District boards of education shall develop, adopt, and implement local graduation requirements, for a State-endorsed diploma, that prepare students for success in post-secondary degree programs, careers, and civic life in the 21st century according to N.J.A.C. 6A:8-3.1(c)2 and that include the following:
- Participation in a local program of study of not fewer than 120 credits in courses designed to meet all of the Core Curriculum Content Standards, including, but not limited to, the following credits:
x. At least five credits in 21st century life and careers, or career-technical education;
Districts may employ a variety of strategies to enable students to satisfy the five-credit graduation requirement for 21st Century Life and Careers or Career and Technical Education.
The following may satisfy the five-credit graduation requirement:
- Business Courses
- Career and Technical Education Courses
- Career Education Courses
- Cooperative Education Experiences
- Family and Consumer Sciences Courses
- Junior Reserve Officers' Training Corps (JROTC) Courses
- Structured Learning Experiences/Cooperative Education Experiences
- Technology Education/Industrial Arts Courses
N.J.A.C. 6A:8-5.1(a)1v requires "At least 2.5-credits in financial, economic, business, and entrepreneurial literacy, effective with the 2010-2011 grade nine class." The goal of this requirement, adopted by the State Board of Education on June 17, 2009, is to ensure that students demonstrate understanding about how the economy works and their own role in the economy, and also develop the necessary skills to effectively manage personal finances by the time they graduate.
Suggested core content for fulfillment of this requirement focuses on personal financial literacy and an understanding of foundational concepts in economics. Personal Financial Literacy (Standard 9.1), includes the application of knowledge, skills, and ethical values when making consumer and financial decisions that impact self, the family, and local and global communities. Topical strands address money management; credit and debt management; planning, saving and investing; becoming a critical consumer; risk management and insurance; and civic financial responsibility. In addition, the social studies standards for grades 9-12 address various concepts in economics.