55% deficiency against Maryland State Standards
53% compliance rate
68% deficiency rate
Full implementation within one academic year
32% lower foreclosure rates
28% lower bankruptcy filing rates
24% higher retention rates
16.4% more over lifetimes
12-15% increase in small business formation
7-9% reduction in public assistance costs
Current State
The Charles County financial literacy curriculum shows a 45% overall compliance rate with Maryland State Standards, with significant deficiencies across all grade bands and standard areas.
Economic Impact
Implementation of a comprehensive financial literacy curriculum is projected to generate substantial economic benefits including increased tax base, reduced public assistance expenditures, and higher earning potential.
Implementation Approach
A five-phase implementation plan has been developed to address curriculum deficiencies, with full implementation achievable within one academic year.
Critical Areas
The most significant deficiencies are in "Manage Risks" (68% deficiency) and "Create and Build Wealth" (64% deficiency) - areas vital for long-term economic stability.