Financial Literacy

CEE In The News: Teaching Financial Literacy So It Sticks

A recent article in the Dallas News questions the most effective method for teaching financial literacy to students. Mary Blanusa, CEE’s Vice President of Government Affairs & Partnership Projects said, “we found that what works is using an active learning method and really engaging the students through simulations, through activities, that are delivered in the classroom by a well-trained teacher.” See the full article here.

POSTED: April 8, 2014 | BY: Morgan Hoey | TAGS: , , ,

Making the Case for Financial Literacy

April 7 150x150 Making the Case for Financial LiteracyBy Treasurer David H. Lillard, Jr., Tennessee Department of Treasury

Over the last twenty years, households in the United States have noticed an increase in debt load and decrease in overall savings and retirement funding.  Many of these expenses are related to education for the Millennial generation and longer life expectancy for the Baby Boomer generation.  While higher lifetime income levels should offset the increasing costs, many people do not have the personal finance tools necessary to hedge the increasing cost for these expenses.  Studies conducted by the Financial Services Review in 2007 determined that personal finance is a topic that affects all career levels in all disciplines.  This study is especially relevant in Tennessee as our state has one of the highest average credit card debts at $7,054 per person and the highest per capital bankruptcy filings at 6.59 per 1,000 people. Read more…

POSTED: April 7, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

Let’s Add an “F” to the Three Rs – Reading, Writing, Arithmetic, and Financial Literacy

April 4 199x300 Let’s Add an “F” to the Three Rs – Reading, Writing, Arithmetic, and Financial LiteracyBy Congressman Matt Cartwright, Pennsylvania’s 17th Congressional District.

This month we celebrate Financial Literacy Month in an effort to bring attention to this important life skill and encourage all Americans to take charge of their financial health. We’re confronted with a variety of financial decisions throughout our lives. Whether saving for retirement, buying a home, financing an education or simply putting away money in an emergency fund, a solid financial education is vital to making smart and responsible decisions.

The importance of consumer sophistication on financial matters has never been more important than it is in today’s economy. Unfortunately, Americans receive a failing grade when it comes to the subject.  According to Harris Interactive’s 2013 Consumer Financial Literacy Survey only 40 percent of adults say they have a budget and keep close track of their spending.  Approximately 60 percent of adults reported that they have not reviewed their credit score within the past year. Read more…

POSTED: April 4, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

CEE In The News: Teens Are Stressed Over Money

US News & World Report references a recent study by H&R Block that reveals adults aren’t the only ones worrying about money. The survey of 13- to 17-year-olds shows that teens are worried about future student loan debt, gaining employment and maintain the standard of living from their childhood homes.

The article cites CEE’s 2014 Survey of the States which found that most public school students do not take an economics or personal finance course. Our game, Gen i Revolution was highlighted as a tool to be used to bridge the gap in financial literacy.

POSTED: April 1, 2014 | BY: Morgan Hoey | TAGS: , , , ,

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