A Special Thank You to Chairman Bernanke for Your Teacher Town Hall

POSTED: August 7, 2012 | BY: nan | TAGS: , , , , , ,

Dear Chairman Bernanke,

Thank you for spending time today with our country’s greatest asset – educators – who ensure the next generation of our children are prepared for the future.

Today’s ‘Conversation with the Chairman: A Teacher Town Hall Meeting’ was an important point of outreach to K-12 educators and organizations who are working each day to improve economics and financial literacy across the country. The Council for Economic Education is especially pleased to know that you believe in supporting educators who teach these life skills to our students, and that you recognize our dedication to instilling in young people the fourth “R”—a real-world understanding of economics and personal finance.

Thank you for bringing attention to the CEE’s work on the National Standards for Personal Finance, which will be released later this year. We are proud to work closely with experts from the Federal Reserve system on the development of these standards. It is an important project that will assist teachers in providing effective education to their students, and help school districts to implement a solid curriculum plan around personal finance.

We look forward to your continued support of financial literacy and economic education as we advance our delivery of educator resources, professional development and programs for K-12 educators.

Nan J. Morrison
President & CEO
Council for Economic Education

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    I am one of the educators who were fortunate to have attended Federal Reserve Bank Chairman Ben Bernanke’s Town Hall Meeting on August 7.

    Prior to entering the education profession, I spent over 20 years in the financial services industry in such capacities as trading fixed income securities and managing private assets. Therefore, I found being present at this assembly extraordinary and I am forever grateful.

    Chairman Bernanke clearly presented why financial literacy is essential and given the current state of affairs, this is very apparent.

    The Chairman also rendered additional points of significance.

    He indicated that the concept of financial education is not just about such things as studying a paystub, setting up a budget, or examining a financial instrument. It also includes learning how to make sound decisions by utilizing economic reasoning. This is not just dollars and cents but all resources where the effects are consequential to the lives of individuals as well as society at large.

    He also suggested that the methods encompassed in the financial education curriculum involve the practice and honing of such skills as critical thinking and problem solving, agility and adaptability, and accessing and analyzing information.

    Tony Wagner of Harvard University identified these as part of the “Seven Survival Skills for the 21st Century.” These are competencies our citizenship must truly master and the levels of proficiency which are eventually ascertained will determine our nation’s future status.

    A financially literate public is imperative for the sake of our nation’s economic well-being and this on its own is valid enough reasoning to encourage and support financial education programs. However, when taking into account the ancillary yet extremely vital skills that are developed through the pedagogy, our nation cannot afford to withhold financial education from the standard curriculum.

    POSTED: August 9, 2012 | BY: Name Jim Fiora

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