How Do Standards of Financial Education in States with Mandatory Standalone Financial Courses Align with the Council for Economic Education?
Year: 2025
Type: article
Abstract: This study aims to improve financial education nationwide. Using a natural language processing approach, the researcher converted state financial literacy standards and the National Standards for Personal Financial Education developed by the Council for Economic Education (CEE) into machine-readable formats and applied OpenAI’s text-embedding-ada-002 model to calculate cosine similarity scores between state and national standards. A random sample of 100 scores was manually inspected, yielding a precision rate of 85–96% through a 95% confidence interval. Results show significant variation in alignment across states and subjects, with categories like investing and managing credit being the most underrepresented. This scalable, semi-automated procedure offers a replicable framework for curriculum writers and evaluators to find specific gaps in the material, allowing them to improve financial education.
Author: Wind, Ethan
Language: English
Subfield: Accounting
Domain: Social Sciences
SDG: Quality education
Open Access status: green
OpenAlex ID: W6930657760
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