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PA Senate Approves Gordner Resolution for Financial Literacy

Recognizing the importance of financial and economic knowledge, the PA state Senate has passed a resolution authored by Senator John R. Gordner (R-27) to designate April as “Financial Literacy Month” in Pennsylvania.

“Knowledge of finance is essential to ensure individuals are prepared to manage credit and debt, invest, and become responsible workers, business leaders and entrepreneurs,” said Senator Gordner.  “A knowledge of finance has been linked to lower delinquency rates for borrowers, higher contributions to savings and retirement plans, and a higher net worth.”

Senate Resolution 92 encourages employers, schools, financial institutions and the media to provide opportunities for financial literacy education by collaborating with organizations such as EconomicsPennsylvania.

economicspa 300x214 PA Senate Approves Gordner Resolution for Financial Literacy

(L-R) Senator Gordner; Jennifer Dodge, Director of
Governmental Relations, EconomicsPennsylvania;
Fritz M. Heinemann, President, EconomicsPennsylvania;
and Lieutenant Governor Jim Cawley present Senate
Resolution 92.

 

POSTED: April 18, 2013 | BY: Leslie Rasimas | TAGS: , , , , ,

19 Schools to Participate in Alabama Personal Finance Challenge

The Alabama Personal Finance Challenge, sponsored by the Alabama Council on Economic Education (ACEE), tests high school students on their knowledge of income, money management, spending and credit, saving and investing. Nineteen schools will participate in the challenge on April 23 at the University of Alabama.

“There are so many people who are totally unprepared for a financial crisis,” said Wanda McAbee, ACEE’s program director. “We want to use this competition as a vehicle to take what the students are learning inside the four walls of a classroom and apply it to the real world. We want to encourage and show students how to take more responsibility for their financial lives.”

The top two teams will battle it out Quiz Bowl-style, and the winning team will go on to the national competition, sponsored by the Council for Economic Education and Wells Fargo.

Read the full story here.

POSTED: April 18, 2013 | BY: Leslie Rasimas | TAGS: , , , , ,

Financial Literacy Month aimed at raising awareness to manage funds

Cory Wilson Financial Literacy Month aimed at raising awareness to manage fundsBy Cory T. Wilson, Chair-elect, Mississippi Council on Economic Education; Attorney, Heidelberg Steinberger Colmer & Burrow.

Mississippi Governor Phil Bryant has issued a proclamation designating April as Financial Literacy Month.

Chances are, I realize, the designation is probably not on your smart phone calendar, and it may not be the theme of many spring parties. But it merits attention and not just in April.

As millions of Americans endured the drudgery of filing their tax returns April 15, a few thoughts on financial literacy are in order. Of course, it takes more than a Master’s degree in finance to understand our byzantine tax code, so leave that to the accountants and the tax software folks for the moment. Financial Literacy Month is aimed at raising awareness of a problem more basic and epidemic. Read more…

POSTED: April 17, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , ,

Do the Math

William Coffin, Chairman of the California Council on Economic Education, in the Los Angeles Business Journal, says schools must rewrite curriculum to include financial literacy to provide students with crucial skills.

Financial literacy is a critical life skill. Ask any one of the tens of millions of Angelenos impacted by the $7 trillion decline in the value of household wealth starting in 2008, which was at least in part caused and sustained by basic misunderstandings of personal finance and a lack of economic thinking, and the answer is a resounding, “Yes, financial literacy is important.”

Read the full story here.

POSTED: April 15, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , ,

EconomicsWisconsin Center Director Awarded Fulbright Scholarship

Dr. Scottniederjohn EconomicsWisconsin Center Director Awarded Fulbright Scholarship Niederjohn, Director of the Lakeland College Center for Economic Education in Sheboygan, WI, has been selected by the J. William Fulbright Foreign Scholarship Board for a Fulbright award to Luxembourg.

He has received countless awards over the years for his work in economic education and has been an EconomicsWisconsin Center Director since 2005.

Our sincerest congratulations go to Dr. Niederjohn for this prestigious honor.

POSTED: April 11, 2013 | BY: Leslie Rasimas | TAGS: , , ,

Colorado Council Board Member Shares Passion and Education with Local Students

Ward Cerny, board member of the Colorado Council for Economic Education (CCEE), is featured in the Denver Business Journal, and it is recognition well-deserved.

Cerny has an impressive background in international investments, mergers and acquisitions, but his current work as an economic and personal finance educator is perhaps the most important.

“The irony of economics is the people who need it the most are the least likely to receive that education,” Cerny said. “[CCEE's] mission is to make that a key part of curriculum. The main lesson we want to teach people is the more fundamental lesson that economics is the science of decision making in a scarce world.”

Since 2008, Cerny has taught two three-month, economics-oriented classes at Columbine High School through the CCEE each year, competing against students in the Stock Market Game, now called Stock Market Experience.

“It’s always fun when the kids try to beat me,” Cerny said. “One kid would put his entire portfolio in Apple and blow my balanced portfolio out of the water.” Cerny tries to teach his students about the long-term strategy, not just a three-month one.

Read the full article here.

POSTED: March 11, 2013 | BY: Leslie Rasimas | TAGS: , , , , ,

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