Public Education Department Adopts Think New Mexico’s Personal Finance Standards!

In October 2021, the New Mexico Public Education Department released an update to its K-12 Social Studies standards, which detail the concepts that students should learn in classes like history and economics.

Because that initial draft did not add any financial literacy benchmarks, Think New Mexico wrote our own, based on the national best practices and the standards in place in other states like Colorado, and we urged the Public Education Department to include them.

That’s where you came in: New Mexicans like you submitted 263 public comments in support of our recommendation, including powerful personal testimony from students, parents, teachers, and graduates of New Mexico’s public schools. The Department took notice of this strong public response, and your impact is reflected in the revised standards they just released.

With this change, New Mexico will no longer be one of only five states that fails to include financial literacy in its education standards. The new standards will ensure students learn key skills and concepts like how to budget, open a bank account, make smart credit choices, and apply for financial aid to pay for college.

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