Councils & Centers

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: , , , , , , ,

I wish I’d known that!

Lori Berkes Nelson 214x300 I wish Id known that!By Lori Berkes-Nelson M.S.Ed., President, Econ Illinois.

I had not heard the word “economics” until I was in high school, and then it was attached to Consumer Economics and I walked away from that class with an understanding of how to write a check and how to keep a checkbook balanced – both very important skills as I became an adult.  But, what if I had been taught the economic way of thinking from the time I was in kindergarten?  If I had understood “opportunity cost” when I was in grade school or scarcity when I was in high school or compounding interest rates when I graduated college, perhaps I would have been better-prepared to avoid debt. Read more…

POSTED: April 16, 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: , , ,

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