NEW JERSEY — New Jersey ranks sixth in the nation for high school budgeting education, according to a new report from personal finance company WalletHub.
The study evaluated all 50 states and the District of Columbia using 11 metrics, including course requirements, financial literacy test scores and overall school performance.
More than 9 in 10 Americans believe budgeting should be taught in schools, highlighting the importance of financial education, the report noted.
New Jersey ranked first in several categories, including requiring students to take at least one personal finance course and one economics course. The state also ranked first in the share of eighth graders proficient in mathematics and the share of high schools ranked in the top 10% nationally.
However, the state ranked 28th in average scores on the national financial literacy test and 18th in overall high school financial literacy grade. It also ranked 24th in projected financial literacy grade by 2028.
WalletHub said the rankings reflect both strong academic requirements and areas where improvement is still needed to better prepare students for real-world financial decision-making.
The full report is available on WalletHub’s website.
