April is Financial Literacy Month (FLM), and as we prepare to lead the industry in outreach, advocacy and awareness, we invite you to join us in New York City and Washington, D.C. for our special events. Read more…
Suzanne McGee of The Fiscal Times is a proponent of financial literacy education, both at home and in our schools. After a media luncheon with Nan J. Morrison, CEE president & CEO, McGee followed up with her blog post on what she learned from teaching “Wall Street 101,” and how we can do better for our nation’s youth.
“It isn’t about giving kids rules, Morrison points out: Just telling them to save 10 percent of their income is about as useful as telling an overweight child to eat less and exercise more. What helps more is teaching that child to make healthy choices and discover the rewards of physical activity. Similarly, helping a child to become fiscally fit means giving them tools to make sensible decisions on a day-to-day basis, not just putting aside an arbitrary percentage of their income.”
You can read McGee’s full post on The Fiscal Times here.
For the past 15 years, Education Update has honored women who achieve extraordinary things throughout their lives. As diverse as these women are, they have a shared value of education, and they care deeply about future generations.
Nan J. Morrison, CEE President & CEO, is one of Education Update’s 2013 Women Shaping History award winners.
Morrison speaks on her inspirations, career challenges and resolutions, accomplishments and future goals.
“I am working to help K-12 children acquire the skills to make informed decisions, think critically about what those decisions entail, and create their own paths to fruitful lives,” said Morrison.
You can read more about Nan J. Morrison and her work in the 2013 March/April issue of Education Update, page 11, available here.
Should we require our nation’s teenagers to pass a financial literacy quiz in order to get a license? Jean Chatzky proposed this question in her blog, and now Adam Levin has delved deeper into what this could mean for our country, and how we could begin to implement the requirement.
Weighing in on the issue are Nan J. Morrison, President & CEO of CEE, and Annamaria Lusardi, Denit Trust Distinguished Scholar in Economics and Accountancy, The George Washington University School of Business, and CEE Board Member.
“It is a low-cost, low-barrier option for getting a student interested, and they have an incentive to do so,” Nan J. Morrison says about the proposal.
Lusardi proposes that potential questions should address car ownership and insurance.
Read the full story here. Let us know what you think in the comments below.
Illinois has placed a high priority on the financial literacy of its students, as it was one of the first states to implement rigorous economic and personal finance standards. This semester, its largest city continues to raise the bar for school systems nationwide: Chicago Public Schools (CPS) introduces a dedicated personal finance course for 12th-graders with resources developed by CEE.
Nan J. Morrison, President & CEO of CEE, outlines what this means for CPS and our nation’s students in her latest blog post on Huffington Post Education, “Chicago Public Schools Raise the Bar for Financial Education.”
Read the full blog post here.
Tennessee is one of only 14 states that require high school students to take a course in personal finance, according to CEE’s Survey of the States biennial report.
“Reality Check,” a program sponsored by the Chattanooga, TN Chamber of Commerce, teaches ninth-grade students how to budget their money. The Chattanooga Times Free Press documented the one-day exercise in an effort to bring attention to the need for financial literacy in high school. Read more…
Annamaria Lusardi is the Denit Trust professor of economics and accountancy at the George Washington School of Business.
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