Last week, CEE Vice President of Programs Christopher Caltabiano spoke with WFSU about Florida’s new state standards for personal finance education, based on CEE’s own National Standards for Financial Literacy. He discusses the development of the standards, highlighting their emphasis on making “wise decisions, in particular, what areas of personal finance you may need to be making these decisions in.” Click here to read the article in full.
Tampa Bay Times and Financial Corps were the first to cover the news, applauding Florida for taking this important step in improving financial education for students. Madeline Will of Education Week spoke with CEE CEO and President Nan Morrison and Mike Bell, the Executive Director of the Florida Council on Economic Education about how the adoption of the Standards will “strengthen the teaching of financial education in American schools.” And in a Huffington Post article, financial literacy expert Mary Johnson of Higher One points to Florida’s efforts as “an encouraging development,” adding that she hopes “other states will similarly follow suit.”
Last week, the 2012 Programme for International Student Assessment (PISA) released the findings from the largest international financial literacy assessment ever conducted – and the data was revealing. While China received top marks all around, US scores placed American students squarely in the middle of the 18 nations tested. This widely syndicated article, originally published by Associated Press, points to data from CEE’s Survey of the States as evidence of the variation from state-to-state in what is required, noting that only 19 states require a personal finance to be taught in high school.
Additionally, PBS reached out to our CEO and President Nan J. Morrison for comment.
Like many other leaders in the financial literacy space, she remarked that the results were disappointing, but not surprising given that many parents and teachers do not feel equipped to pass personal finance skills onto their children. But on a positive note, as a benchmark for progress, the PISA results will be incredibly helpful to parents, educators, policy makers and advocates as we work to improve.
In light of the findings of our 2014 Survey of the States, a recent US News article offers a crash course in personal finance education. The survey revealed only 17 states in the nation require high schoolers to take a personal finance course, meaning many students graduate without basic money management skills. This article provides 6 basic personal finance concepts that all high school graduates should know.
The day of the National Economic Challenge was a busy one for CEE and challenge participants.
In a recent New York Post article, CPA John Vento says “the problem of financial illiteracy is perhaps the greatest threat facing our country.” This statement comes after the 2014 Survey of the States reported only 17 states in the nation require a personal finance course as a high school graduation requirement.