Education Department Data Shows Huge Racial Gap in Economic Literacy

The Nation's Report Card: Economics 2012The U.S. Department of Education reports a large racial gap in economic literacy as measured by results of the National Assessment of Educational Progress. Each year high school seniors are tested on their knowledge of the field of economics. The report from the Education Department states:

“Economic literacy is vital for functioning effectively in today’s society. Consumers need to manage their finances, investors need to plan for their future, and voters need to choose among competing economic plans. As students move on to college or enter the workforce, their understanding of the economy will help them become financially responsible citizens.”

The results show that nationwide 43 percent of high schools seniors were rated as proficient or advanced in understanding economic concepts. But a huge racial gap exists. For Whites, 53 percent of all high school seniors were rated proficient or advanced but only 17 percent of Black students scored at this level. Some 39 percent of Black students were rated as “Below Basic” compared to 11 percent of Whites.

Related Articles

Leave a Reply

Get the JBHE Weekly Bulletin

Receive our weekly email newsletter delivered to your inbox

Latest News

Yale Issues Formal Apology After Research Finds Historic Ties to Slavery

"Today, on behalf of Yale University, we recognize our university’s historical role in and associations with slavery, as well as the labor, the experiences, and the contributions of enslaved people to our university’s history, and we apologize for the ways that Yale’s leaders, over the course of our early history, participated in slavery," says Yale University President Peter Salovey, and Josh Bekenstein, senior trustee of the Yale Corporation.

Kean University Establishes New Center for Africana Studies

“This new center epitomizes the university’s commitment to equity and to serving our state, particularly our urban communities,” said Kean University president Lamont Repollet. 

Pew Research Center Provides Insight into Share of Black-Owned Businesses in the United States

Through analyzing data from the United States Census Bureau and the National Science Foundation, the Pew Research Center found that Black-owned businesses make up 3 percent of companies and earn 1 percent of gross revenue in the United States.

Martin Lemellle Appointed the Eleventh President of Grambling State University

Dr. Martin Lemelle has been serving as executive vice president and chief financial officer at the Maryland Institute College of Art.

Featured Jobs