Under new standards adopted this year, Seattle students will learn about financial subjects like spending and saving — and why they'll need to know about wages, insurance premiums and Roth IRAs when they're adults.
The standards are the first of their kind in Washington, according to the state superintendent's office. Superintendent Randy Dorn presided over a ceremonial adoption last week.
Along with spending and saving, the standards cover five other topics: credit and debt, employment and income, investing, risk management and insurance, and financial decision-making.
The standards will be integrated into classroom activities, likely in math or social studies classes. In the second grade, for example, students will compare different types of savings methods, like piggy banks or banks, based on risk of loss. By the 12th grade, students will develop a personal financial plan or budget with goals, net worth statement and estate plan.