General News

Virginia Leads the Charge in Preparing Students for Lifelong Financial Success - Daniel R. Mortensen, Executive Director, Virginia Council on Economic Education

During the Great Recession, while individuals, businesses, and policymakers nationwide were trying to determine ways to solve current and pressing problems, visionary leaders in Virginia were taking steps to help prevent a recurrence. In 2009, the Virginia Board of Education amended the high school graduation requirements to include a requirement that every student pass a full-credit (full-year) course in economics and personal finance, seeking to better equip graduating students to be successful in the labor market and remain financially solvent. Virginia’s graduating class of 2015 was the first to graduate with all students meeting this new requirement.

Virginia’s Standards of Learning are among the strongest in the nation. They contain elements of economics and personal finance in each grade, K-12, building on previously learned concepts from each level to the next. Since Virginia is one of only a few states with a full-credit requirement in economics and personal finance, Virginia’s students are poised to have a competitive advantage.

Ensuring that Virginia’s teachers have both the content knowledge and engaging, effective lessons to use in teaching their students is critical. In collaboration with the Virginia Department of Education and many in the private sector, the Virginia Council on Economic Education and its affiliated, university-based Centers for Economic Education have conducted economics institutes and personal finance institutes for more than 1,700 high school teachers, well over half of those teaching the course statewide. Our strong public/private partnership will enable ongoing delivery of quality training and resources to meet the continuing needs of teachers and their students.

The full-year high school course in Virginia provides all students with essential life skills that will benefit them, regardless of their future vocation or personal circumstances. Economically and financially literate students will become more productive employees and possibly, entrepreneurs. They will become more savvy consumers and more responsible users of credit. And, they will become more informed citizens and voters. By educating Virginia’s students in economics and personal finance, we are helping to create financially responsible adults and a more qualified workforce, ultimately leading to a stronger economy in Virginia.

Visit our website, http://SurveyoftheStates.com for an interactive experience and download the study. And, find out where you state stands in economics and personal finance education and how you can take action today.

POSTED: February 3, 2016 | BY: Daniel Thompson

Putting Financial Education on the Map in Rhode Island – Seth Magaziner, Rhode Island State Treasurer

AS RHODE ISLAND’S STATE TREASURER, I am reminded every day of the critical importance of equipping our students with financial literacy skills so that they are able to make smart financial decisions throughout their lives. I am proud to be a part of recent efforts in Rhode Island to do just that.

The Survey of the States played an important role in propelling change in Rhode Island. The 2014 Survey showed that our state had no standards, course requirements, or statewide testing in personal finance. A group of concerned high school students in Rhode Island recognized that they are making life-altering financial decisions on education, housing, and transportation immediately after, and often even before, their high school graduation. They took it upon themselves to do something to improve the state’s educational system. In November 2014, they successfully advocated for the adoption of CEE’s National Standards for Financial Literacy as Rhode Island’s first-ever statewide standards. As a result, Rhode Island is now “on the map” when looking at the status of personal finance education across the nation.

Yet there is still more work to be done. Here in Rhode Island, we continue to build on the financial literacy initiative that began with those few motivated Rhode Island teenagers. A coalition of interested policymakers, educators, and industry leaders has been working together to build the financial capability of our youth so that the next generation will be better able to make informed decisions that positively impact their financial future, as well as our society as a whole. Thanks to organizations like the Rhode Island Council for Economic Education, we’re working to provide resources and professional development to teachers, and continuing to build awareness of the need for financial education throughout the state, region, and country.

Visit our website, http://SurveyoftheStates.com for an interactive experience and download the study. And, find out where you state stands in economics and personal finance education and how you can take action today.

POSTED: February 2, 2016 | BY: Daniel Thompson

The 10th Annual Visionary Awards

 

Last night, the Council for Economic Education (CEE) held its 10th Annual Visionary Awards dinner hosting 300 guests at the Pierre Hotel in New York City. The evening showcased CEE’s mission, our impact to date, and honored leaders who promote economic and financial literacy. The evening was a night of thought-provoking discussion, amiable conversation, and intellectual discourse.

2015 visionary award winners with nan and steve The 10th Annual Visionary Awards

The Visionary Awards were given to four leaders who continue to advance our mission. The honorees were Ann Kaplan, Partner, Circle Wealth Management; Robert E. Moritz, U.S. Chairman and Senior Partner PwC; Prof. Robert J. Shiller, Sterling Professor of Economics, Yale University; and Andrew Ross Sorkin, Founder of DealBook, Financial Columnist for The New York Times, and CNBC Co-Anchor of “Squawk Box.”

During the evening, attendees enjoyed an entertaining fireside chat with the honorees moderated by the evening’s Master of Ceremonies and CNBC’s chief economist reporter, Steve Liesman. The fireside chat addressed hot topics such as women in the workplace, the housing “bubble,” interest rates, and most importantly, how individuals can make an impact to ensure our youth are given the opportunity to learn about economics and personal finance.

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CEE also honored three exemplary New York Metropolitan area teachers who advance economic education in and out of the classroom. The teachers received the Alfred P. Sloan Teaching Champion Awards for their excellence in economic education. They continually deliver this important content in and out of their classrooms and achieve results. 

The evening raised over $700,000 to support CEE’s programs and help us reach our goals to reach and teach every child in the United States to create a more informed citizenry capable of making better decisions as savers, investors, borrowers, voters, and participants in the global economy.

We would also like to thank those who attended and to our sponsors who helped make this amazing event happen!

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POSTED: October 30, 2015 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

CNBC’s Sharon Epperson Explains Savings to Kids

Sharon Epperson, a former CEE Board Member and Senior Personal Finance Correspondent for CNBC, recently made a guest appearance on Sprout’s Sunny Side Up Show in a special segment entitled “Sharon Epperson Chats Finance.” In the segment, Ms. Epperson explains how a child can start a savings account with money earned from a lemonade stand.

Watch the clip here:

POSTED: June 23, 2015 | BY: Daniel Thompson

Financial Literacy: Best way to do it, is to do it.

Sandy Wheat Financial Literacy: Best way to do it, is to do it. Ms. Sandy Wheat is the current Executive Director of the North Carolina Council on Economic Education.

 

Writing in a recent guest column in the Triangle Business Journal, Sandy Wheat quotes Amelia Earhart’s famous quip that “The most effective way to do it, is to do it.”

Likely, Ms. Earhart was referring to aviation; however, as Ms. Wheat concludes in her op-ed the same principle holds true for financial education in her state of North Carolina as well as in the rest of the nation.

Read more…

POSTED: June 2, 2015 | BY: Daniel Thompson | TAGS: , , , , ,

Laura Overdeck of Bedtime Math Featured in New York Times

bedtime math e1429890151632 Laura Overdeck of Bedtime Math Featured in New York Times

The New York Times in a recent “Close at Hand” article from their Food section, highlighted Bedtime Math’s founder, Laura Overdeck and her practical yet playful approach to teaching children math.

Mrs. Overdeck who holds a BA in Physics from Princeton has been fascinated with figuring out how mechanical appliances work since her youth. Today, she shares her passion for math with children around the country through her non-profit Bedtime Math.

Mrs. Overdeck designed Bedtime Math to be a fun, interactive educational tool that parents can use to teach math and problem solving skills to their children.

Among Bedtime Math’s many great resources for parents is a trilogy of books which use charming illustrations alongside short problem sets that the kids can work on before they go to bed. Each problem set then has three levels of questions designed for different ages: Wee Ones, Little Kids, and Big Kids.

The Council for Economic Education is happy to work alongside Mrs. Overdeck and Bedtime Math in raising the standards of education in the U.S. CEE’s vision is for children of all ages to get the “math bug” and begin exploring the many wonderful ways in which math effects every area of their life, whether it is building castles out of LEGOs, designing engines for NASA, or simply getting the right amount of eggs and milk into the cake mix.

 

POSTED: May 29, 2015 | BY: Daniel Thompson | TAGS: , , ,

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