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Core Curriculum Content Standards

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NJ World Class Standards
Content Area: 21st-Century Life and Careers
9.2 Personal Financial Literacy
Content Area 21st-Century Life and Careers
Standard 9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
Strand E. Becoming a Critical Consumer
By the end of grade Content Statement CPI# Cumulative Progress Indicator (CPI)
4
The ability to prioritize wants and needs assists in making informed investments, purchases, and decisions.
9.2.4.E.1 Determine factors that influence consumer decisions related to money.                                                                                                              
Cost-benefit analysis informs responsible spending practices.
9.2.4.E.2 Identify ways interest rates add to the cost of goods and services.                                                                                                              
9.2.4.E.3 Evaluate financial information from a variety of sources.                                                                                                              
9.2.4.E.4 Apply comparison shopping skills to purchasing decisions.                                                                                                              
Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.
9.2.4.E.5 Explain what it means to be a responsible consumer and the factors to consider when making consumer decisions.                                                                                                              
9.2.4.E.6 Identify personal information that should not be disclosed to others and the possible consequences of doing or not doing so.                                                                                                              
9.2.4.E.7 Compare and contrast product facts versus advertising claims.                                                                                                              
8
The ability to prioritize wants and needs assists in making informed investments, purchases, and decisions.
9.2.8.E.1 Prioritize personal wants and needs when making purchases.                                                                                                              
Cost-benefit analysis informs responsible spending practices.
9.2.8.E.2 Analyze interest rates and fees associated with financial services, credit cards, debit cards, and gift cards.                                                                                                              
9.2.8.E.3 Evaluate the appropriateness of different types of monetary transactions (e.g., electronic transfer, check, certified check, money order, gift card, barter) for various situations.                                                                                                              
9.2.8.E.4 Compare the value of goods or services from different sellers when purchasing large quantities and small quantities.                                                                                                              
9.2.8.E.5 Identify the components of written and verbal contracts and the inherent responsibilities of the contracting parties.                                                                                                              
Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.
9.2.8.E.6 Evaluate how fraudulent activities impact consumers, and justify the creation of consumer protection laws.                                                                                                              
9.2.8.E.7 Recognize the techniques and effects of deceptive advertising.                                                                                                              
12
The ability to prioritize wants and needs assists in making informed investments, purchases, and decisions.
9.2.12.E.1 Analyze and apply multiple sources of financial information when prioritizing financial decisions.                                                                                                              
9.2.12.E.2 Determine how objective, accurate, and current financial information affects the prioritization of financial decisions.                                                                                                              
9.2.12.E.3 Evaluate how media, bias, purpose, and validity affect the prioritization of consumer decisions and spending.                                                                                                              
Cost-benefit analysis informs responsible spending practices.
9.2.12.E.4 Evaluate business practices and their impact on individuals, families, and societies.                                                                                                              
9.2.12.E.5 Evaluate written and verbal contracts for essential components and for obligations of the lender and borrower.                                                                                                              
Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.
9.2.12.E.6 Apply consumer protection laws to the issues they address.                                                                                                              
9.2.12.E.7 Relate consumer fraud, including online scams and theft of employee time and goods, to laws that protect consumers.                                                                                                              
9.2.12.E.8 Determine when credit counseling is necessary and evaluate the resources available to assist consumers who wish to use it.                                                                                                              
9.2.12.E.9 Determine reasons for the increase of identity theft worldwide and evaluate the extent to which victims of identity theft are successful in fully restoring their personal identities.