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Economics and Financial Literacy for K-5

Understand economic systems, with an emphasis on the United States and Financial Literacy

Economics and Financial Literacy Standards for K-5 (2015), related to state (Illinois) or local communities

Economic Decision Making


None apply to Illinois

Exchange and Markets

  • SS.EC.3.2. Compare the goods and services that people in the local community produce and those that are produced in other communities.
  • SS.EC.2.3. Generate examples of the goods and services that governments provide.

The National and Global Economy

None apply to Illinois

Financial Literacy

  • SS.EC.FL.1.1. Explain how people can earn pay or income in exchange for work.
  • SS.EC.FL.2.4. Explain that income can be saved, spent on goods and services, or used to pay taxes. 


Internet Resources & Links

Illinois Economy >>

This is a fairly general and compact site featuring the economy, energy, and transportation in Illinois.