Financial Literacy

The Importance of Financial Education

April 18 751x1024 The Importance of Financial Education

By Senator Josh Stein, 16th District of North Carolina Senator.

Financial Literacy is critically important to the health of our nation and our state. If anyone ever doubted that statement, just consider our current economic situation.

We are in the midst of a slow recovery from the Great Recession created by the financial crisis, which was a result of financial markets that were out of whack and borrowers not understanding what they were getting themselves into. Read more…

POSTED: April 18, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , ,

The Necessity of Financial Education

April 17 150x150 The Necessity of Financial Education

By Richard Fisher, President & CEO of the Federal Reserve Bank of Dallas.

I am excited to express my support of Financial Literacy Month, an extremely important effort. Learning to make sound financial decisions is a skill that positively impacts people throughout their lives. I commend all of the educational institutions and non-profits that spend countless time and energy providing financial education. Read more…

POSTED: April 17, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , ,

CEE In The News: Expert Stresses Need for Kids to be Taught Personal Finance

In this article CEE’s President and CEO Nan Morrison stresses the need
for children to receive proper financial education at school. Studies
have shown that many children learn about personal finance from their
parents,  yet many parents are not properly equipped to to teach their
children.

The 2014 Survey of the States found that very few states require
courses in personal finance. Morrison calls upon parents to speak with
teachers and principals about financial education in the curriculum
and to learn about money with their children.

POSTED: April 16, 2014 | BY: Morgan Hoey | TAGS: , , ,

CEE In The News: Financial Education For Kindergartners

A CNBC article discusses President Obama’s recent proclaimation that April is National Financial Capability Month and his reestablishment of the Advisory Council on Financial Capability for Young Americans. The spotlight is on financial literacy, however it is not taught in most schools.

The 2014 Survey of the States found that few schools in the nation required courses in personal finance and even fewer required students to be tested on the concepts. The president’s advisory council aims to make vast improvements to financial education across the nation.

POSTED: April 15, 2014 | BY: Morgan Hoey | TAGS: , , ,

Advocating Financial Literacy

April 15 199x300 Advocating Financial LiteracyBy Congressman Ruben Hinojosa, 15th District of Texas

I am proud to be Co-Chair and Co-Founder of the Financial and Economic Literacy Caucus (FELC) in the U.S. House of Representatives. In 2005, former Congresswoman Judy Biggert and I joined forces to found the first Congressional caucus devoted to furthering financial literacy for all Americans. Over the years, FELC has supported legislation, hosted briefings, and engaged federal agencies on promoting financial literacy at all levels of policy. I am happy to have Congressman Steve Stivers of Ohio, as the new Co-Chair for our Caucus. We share a belief in the power of financial literacy to decrease inequality and increase financial stability and hope for one’s future. Read more…

POSTED: April 15, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , ,

Life After High School

April 11 214x300 Life After High School

By Jeffrey Lacker, President of the Federal Reserve Bank of Richmond.

What path should a student choose after high school? Apply to college? Join the workforce? Enroll in career or technical training? Median earnings for college graduates are around $50,000 annually, compared to $28,000 for high school graduates, while the unemployment rate for college graduates is 3.4%, nearly half the 6.4% rate that high school graduates currently face. Given the numbers, it might be tempting to conclude that college is the best path for everyone. However, this recommendation takes into account neither the uncertainty lurking behind the reported numbers nor the preferences and constraints of the individual. Read more…

POSTED: April 11, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , ,

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