Financial Education

Financial education a priority in Iowa

Financial education a priority in Iowa 300x141 Financial education a priority in Iowa

Dive Brief:

  • Iowa Gov. Terry Branstad is considering recommendations made by a team reviewing the state’s current financial literacy courses.
  • One suggestion was updating the state’s current standards so that the financial literacy benchmarks would be clearer and more appropriate for measuring mastery. Until these revisions are made, educators will continue having flexibility in how financial literacy is taught.
  • Iowa is one of only a handful of states that require financial literacy courses.

Dive Insight:

According to the Council for Economic Education, while all 50 states and the District of Columbia include economics in their K–12 standards, less than half make economics a required course for graduation. More specifically, only 17 require students to take personal finance courses. While educators spend a lot of energy on STEM courses and other technologies of the future, it would seem equally important to discuss money with students. Not only is money management a necessary adult skill, but poverty can contribute greatly to achievement levels. Schools have an opportunity to teach skills that students may not be receiving at home, but could make a massive difference in curbing generational monetary mismanagement.

As Branstad explained, “Financial skills are essential. Which is why they are included in Iowa’s academic standards. We know our children need to be financially literate in order to have a bright and successful future.”

Recommended Reading

The Miami Herald : Iowa officials seek to improve financial teaching

POSTED: September 18, 2014 | BY: kwilliams | TAGS: , , , , ,

Lisa Bender from Southern Garret High School on Having a Digital Classroom

CEE’s Blog Series on Teaching Techniques delivers teaching ‘best practices’ from practitioners in the field. These K-12 teachers from all over the United States present their proven tactics and techniques that keep their students interested and engaged in learning economics and personal finance concepts and lessons. Part 8 of 8.

Lisa Bender from Southern Garret High School in Oakland, Maryland, has spent her career teaching economics fusing it with her other passion, immersive technology for the classroom. For her, economics lessons come alive when they are paired with the ground breaking information found on web portals and discovered with easy to use platforms such as tablets. With these tools, Ms. Bender is able to teach complementary lessons on economics and digital citizenship by showing students what tools to use and how to use them responsibly.

This completes CEE’s new Blog Series, Teaching Techniques: Classroom Innovation on Economic Education. Keep checking back for more weekly updates on our blog!

POSTED: August 27, 2014 | BY: admin | TAGS: , , , , , , , , , , , , , , , , ,

Mary Neely from Orchard Grove Elementary on Combining Music and Economics

CEE’s Blog Series on Teaching Techniques delivers teaching ‘best practices’ from practitioners in the field. These K-12 teachers from all over the United States present their proven tactics and techniques that keep their students interested and engaged in learning economics and personal finance concepts and lessons. Part 7 of 8.

Mary Neely from Orchard Grove Elementary in Frederick, Maryland, incorporated singing into her classroom help her students to grasp economics concepts. By serving as an example of combining music and economics, Ms. Neely inspired students (singers and non-singers alike) to create their own individual pieces of music, using concepts they learned and implementing them their own way, proving that they understood what was taught.

Stay tuned for the next edition of CEE’s new Blog Series, Teaching Techniques: Classroom Innovation on Economic Education on August 27th, 2014.

POSTED: August 20, 2014 | BY: admin | TAGS: , , , , , , , , , , , , , , , ,

Lynda Motiram from Old Mill High School on Using Graph Relay Races

CEE’s Blog Series on Teaching Techniques delivers teaching ‘best practices’ from practitioners in the field. These K-12 teachers from all over the United States present their proven tactics and techniques that keep their students interested and engaged in learning economics and personal finance concepts and lessons. Part 6 of 8.

Lynda Motiram from Old Mill High School in Millersville, Maryland, adopted graph relays as a classroom activity that quickly became a favorite tool for reinforcing economic concepts. Ms. Motiram recommends this easy-preparation activity to keep your class engaged by working and collaborating in group and using board work to reinforce the lessons. For Ms. Motiram, one of the best outcomes is seeing students that are struggling with the lecture grasp the concepts when using the graph relay.

Stay tuned for the next edition of CEE’s new Blog Series, Teaching Techniques: Classroom Innovation on Economic Education on August 20th.

POSTED: August 13, 2014 | BY: admin | TAGS: , , , , , , , , , , , , , , , , , ,

CEE Board Member, Annamaria Lusardi, Integral on PISA Results

2013 conference speaker annamaria lusardi CEE Board Member, Annamaria Lusardi, Integral on PISA ResultsLast month, the OECD Programme for International Student Assessment (PISA) presented the highly anticipated results of a worldwide study on financial literacy education, thanks in large part to the efforts of CEE Board Member Annamaria Lusardi. PISA tested 15-year-old students from 18 countries, comparing financial literacy performance on a global scale to help identify effective national strategies and best practices. Click here to see presentation and discussion of its key findings.

Despite modest progress in implementing financial education over the past few years, American students performed squarely in the middle of the pack, far behind nations like China and and Belgium. But on the bright side, these results have helped shine a spotlight on the need for improvement: Associated Press and others have cited data from the Survey of the States as an important indicator and benchmark for progress. Click here to view some of the highlights.

POSTED: August 6, 2014 | BY: kwilliams | TAGS: , , , , ,

Judy Kraus from Hyde Park Middle School on Financing for College and Beyond

CEE’s Blog Series on Teaching Techniques delivers teaching ‘best practices’ from practitioners in the field. These K-12 teachers from all over the United States present their proven tactics and techniques that keep their students interested and engaged in learning economics and personal finance concepts and lessons. Part 5 of 8.

Judy Kraus from Hyde Park Middle School in Las Vegas, Nevada, gets her 7th grade pre-algebra class thinking early about their future education plans and career goals. With this year-long project, she gets her students very involved by simulating their projected finances after they graduate college and are working at their chosen entry level job. The result? Students can see how much money it takes to reach their goals and be financially prepared when the time comes.

Stay tuned for the next edition of CEE’s new Blog Series, Teaching Techniques: Classroom Innovation on Economic Education on August 13th.

POSTED: August 6, 2014 | BY: admin | TAGS: , , , , , , , , , , , , , , , , , , , ,

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