Impact beyond the classroom
A recent survey from Greenlight found that 75% of teenagers lack confidence when it comes to personal finance. But it’s not just teens that are concerned about their financial literacy and knowledge. According to a 2023 survey, 72% of U.S. adults said they would be “further ahead with their money today if they had a personal finance class in high school” and 88% of adults said high school did not leave them “fully prepared” for how to handle money in the real world. The lack of financial literacy is costing the U.S. population: according to a survey by the National Financial Educators Council (NFEC), survey respondents reported having lost on average $1,819 in 2022 due to a lack of knowledge about personal finance. That is a total of more than $436 billion for the entire United States!
Data from the surveys above demonstrate why financial education is becoming a priority for educational institutions and states. As of August 1st, 2023, 23 states require a semester-long personal finance course for high school graduation, empowering young people with valuable financial literacy knowledge at a younger age, setting them up for a better financial future. This transformation in the educational landscape marks a significant milestone. The shift towards prioritizing financial literacy education is not just a matter of statistics; it is proof that financial well-being is an essential life skill that can greatly impact an individual’s quality of life.
Meet the Intuit Personal Finance certification
Ensuring students have access to learning resources about personal finance is a first step. However, there’s more that can be done to ensure students have mastered the concepts taught in class and are ready to apply them in the real-world. Certiport believes that empowering learners with not only knowledge, but certifiable skills are a crucial step to confidence and career success. That’s where our new Intuit Personal Finance certification program comes in. This new certification will validate learners’ personal finance skills, ensuring they are ready to make wise financial decisions that will increase their financial health in both the short and long-terms.
The certification will take learners’ skills to the next level, they will have proof that they’ve acquired the skills necessary to make smart financial decisions. The certification will provide a tangible credential for their resume, validating their mastery of financial concepts and enhancing their accountability and commitment. Students will have valuable skills and a certification that will set them apart and prepare them for a financially secure future.
The new certification exam will cover the following topics, with the detailed list of objective domains available here:
- Earning income
- Spending
- Budgeting
- Saving
- Managing credit
- Managing risk
To allow teachers to maximize the effectiveness of their financial literacy classroom, we will be offering a full pathway solution of learning materials, including Intuit for Education portal, to ensure educators find the curriculum that will fit their classroom best. We’ll also have practice tests available so students can feel confident and ready on test-day, as well as the final certification exam. As with many other Certiport certifications, the exam will be 50-minutes and have about 40 questions.
Certiport is excited to support states and educational institutions’ efforts to help students be future-ready with the new Intuit Personal Finance exam.
Stay tuned for more information! Discover Intuit's other certifications here.