Financial Literacy

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: , , , , , , , , ,

Unique Savings to Scholarship Program Helps Prepare Students for Financial Success

April 10 250x300 Unique Savings to Scholarship Program Helps Prepare Students for Financial SuccessBy Eileen Klein, President of the Arizona Board of Regents; Member of the Arizona State Board of Education.

For most students, entering college is not only a time of inauguration to new learning and discovery, but it also marks the advent of new found freedoms and responsibilities, including new levels of financial decision-making.  Yet while students may arrive at college prepared to learn, we know many are ill-equipped to be sound stewards of their financial health.

In Arizona, as we work to increase post secondary education attainment levels, we’re also finding new ways to empower students and families with the tools to help support strong financial planning and decision making.

Read more…

POSTED: April 10, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , ,

CEE In The News: Teaching Financial Literacy to Middle Schoolers

In this article from Edutopia, Brian Page, high school personal finance & economics teacher and CEE Teacher Advisory Chair, highlights resources to help teachers impart  financial literacy lessons to middle school students. 

CEE’s Gen i Revolution game is one featured resource. Page explains it is an opportunity for students to collaborate and think critically to make financial decisions, mirroring skills they will need to master in adult life.   

POSTED: April 9, 2014 | BY: Morgan Hoey | TAGS: , , ,

Resources

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