Federal Reserve

500+ Convening in Baltimore for Economic Education Conference

Nextfeatured 2013 annual conference 500+ Convening in Baltimore for Economic Education Conference week, the Council for Economic Education will hold its 52nd Annual National Financial Literacy and Economic Education Conference in Baltimore, MD, October 3-5, convening leaders, experts and teachers to exchange ideas and discuss the key issues in financial education today.  Joining them are Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), Richard G. Ketchum, chairman and CEO of the Financial Industry Regulatory Authority, Inc. (FINRA) and Jeffrey M. Lacker, president of the Federal Reserve Bank of Richmond, all of whom will be speaking at the Conference. noted financial literacy expert, George Washington University professor and CEE board member, Dr. Annamaria Lusardi, will also be presenting at this year’s Conference.

Over 500 educators, industry thought-leaders and Federal Reserve partners from around the country are expected to attend the conference. Participants will come together to address the most important issues, trends and challenges in financial and economic education. The event is made possible by the generous sponsorship of Wells Fargo (Lead Sponsor), Bank of America (Teacher Champion), and the Maryland Council on Economic Education.

“This conference is a unique opportunity for educators to enhance their ability to incorporate financial literacy in the classroom, and to do so while meeting the new Common Core State Standards, and engage with the industry’s most influential leaders on the most pressing issues,” said Nan Morrison, CEO and President, Council for Economic Education.  “We are thrilled to be able to welcome President Lacker, Director Cordray, Chairman & CEO Ketchum and Dr. Lusardi, offering educators the chance to learn from their insights and engage them in dialogue.“

Attendees will also be able to participate in workshops and events featuring best practices and new developments in curriculum, teaching strategies and instructional materials. There will also be networking opportunities and teacher roundtable discussions during which participants can engage with their peers to share ideas and lessons, as well as discuss challenges and innovations.

For additional details, visit http://www.councilforeconed.org/events/cee-national-conference/.

POSTED: September 25, 2013 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

CEE in the News: Leading the Way in Teaching Children About Personal Finance

The Philadelphia Inquirer recently highlighted top organizations that are leading the way when it comes to teaching our nation’s children about personal finance, despite the experts that imply the country is not doing a good job teaching financial literacy skills.

CEE, The Federal Reserve Bank of Philadelphia and the President’s Advisory Council on Financial Capability’s Money as Your Grow website were highlighted for their proactive approaches to improving financial literacy among the youth.

Read the full article here.

POSTED: May 29, 2013 | BY: Leslie Rasimas | TAGS: , , , , , ,

CEE in the News: Recession doesn’t change students’ econ savvy.

April was Financial Literacy Month, and educators, families, non-profit organizations and businesses across the country rallied in support of financial education.

The National Assessment of Educational Progress released The Nation’s Report Card: Economics 2012, Grade 12 at the end of April. These tests are administered by the National Assessment Governing Board, who develop assessment frameworks in mathematics, reading, writing, science, geography, U.S. history, civics, economics, the arts and technological literacy.

Students’ scores of economic literacy changed little between 2006 and 2012, suggesting that the national discussion about the millions of jobs that were lost and homes that were foreclosed didn’t translate to higher academic achievement. During that period, several states added an economics course to high school offerings and some started requiring it to earn a diploma.

The article “Recession doesn’t change students’ econ savvy” shares thoughts from financial literacy and economic education leaders, including Annamaria Lusardi, CEE board member, and Nan J. Morrison, CEE’s President and CEO.

CEE’s work has been mentioned specifically by Federal Reserve Chairman Ben Bernanke; “Financial education supports not only individual well-being, but also the economic health of our nation,” Bernanke told a town hall-style meeting with teachers in 2012. “As the recent financial crisis illustrates, consumers who can make informed decisions about financial products and services not only serve their own best interests, but, collectively, they also help promote broader economic stability.”

POSTED: May 6, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , ,

Raising the Bar for Financial Literacy Education through New Standards

The new National Standards for Financial Literacy, developed by CEE in conjunction with a team of experienced and talented economists, education specialists at Federal Reserve banks, and financial education researchers, provide a framework for teaching personal finance in kindergarten through 12th grade. The standards will assist educators and school districts to build a framework for teaching financial literacy in your school.

The standards contain the areas of knowledge and understanding that are fundamental to personal finance:

  • Earning Income
  • Buying Goods and Services
  • Using Credit
  • Saving
  • Financial Investing
  • Protecting and Insuring

Each of these six standards includes benchmarks outlining what a student should be able to understand and examples at the 4th, 8th and 12th grade levels of how the student might demonstrate this understanding.  The benchmarks also emphasize decision-making skills by explicitly relating planning and goal setting, financial decision making, and assessing outcomes to each standard.

Watch our short video for an introduction to the new standards. Download a free copy here.

national standards for financial literacy overview video Raising the Bar for Financial Literacy Education through New Standards

POSTED: May 3, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , ,

Cocktail Party Advice: Never an Economist and Always an Advocate for K-12 Personal Financial Education

Andrew Hill1 225x300 Cocktail Party Advice: Never an Economist and Always an Advocate for K 12 Personal Financial EducationBy Andrew Hill, Economic Education Advisor at the Federal Reserve Bank of Philadelphia; and Adjunct Professor of Economics at Temple University.

Cocktail party conversation can often be difficult for even the most adept conversationalists among us. When meeting new people, an unavoidable topic is always what you do for a living. I was trained in graduate school to expect people to respond in unpredictable ways when I explain that I am an economist. Read more…

POSTED: April 30, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , , , ,

CEE in the News: Education Week Announces New CEE Standards

From Education Week: Financial Literacy Standards Rolled Out for K-12

Recognizing the need for kids to be smarter about how they manage their money, the Council on Economic Education released the National Standards for Financial Literacy for K-12 education.

Developed by economists, education specialists at Federal Reserve banks, and financial education researchers, the benchmarks are intended to provide a framework of essential knowledge that 4th, 8th, and 12th graders should master to be savvy financial consumers.

Read the full report here.

POSTED: April 20, 2013 | BY: Leslie Rasimas | TAGS: , , , ,

Resources

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