Dr. Annamaria Lusardi, CEE Board Member and Director of the Financial Literacy Center, was quoted in this New York Times story, saying the idea “that women spend more is a myth.”
Lusardi’s 2011 study, “Financial Literacy Around the World: An Overview,” researched countries across the globe, and how men and women measure up, view financial literacy, and which countries have the best understanding of basic personal finance concepts.
Lusardi said women in all the countries studied were less likely than men to correctly answer questions about financial literacy, particularly those that used technical terms. The more sophisticated the question and the more financial jargon that was used, the less likely women were to answer the questions correctly.
Read the full story on the gender gap and financial literacy here.
While lack of financial literacy is a growing concern for many today, relatively little research has been conducted on how girls think about and experience money and finances. To address this gap, the Girl Scout Research Institute (GSRI) conducted a nationwide survey with over 1,000 girls ages 8−17 and their parents to better understand girls’ level of financial literacy and attitudes towards money.
Join Girl Scouts of the USA on May 13 for a webinar that will highlight both the results of the recently released GSRI study Having It All: Girls and Financial Literacy and Girl Scouts of the USA’s national program portfolio. As well, Louisa Quittman from the Department of the Treasury will provide a perspective on federal policy and resources for promoting financial education among young people.
Webinar presenters include:
Kimberlee Salmond, Senior Research Strategist at the Girl Scout Research Institute.
Louisa Quittman, Director of Financial Education at the U.S. Department of the Treasury.
Andrea Bastiani Archibald, Ph.D., Developmental Psychologist at Girl Scouts of the USA.
Hi, my name is Sandra Wright. When I was a new teacher (15 years ago!), CEE materials were on the cutting edge of educational best practices with accurate economic and financial content. It was so helpful to have lessons and activities that were grounded in sound economic thinking and pedagogy. Now as an experienced teacher, I still use the lesson plans and student resources in the Capstone Book, Economics in Action, and each edition of AP Economics. The lessons I used at the beginning of my career that helped foster student engagement with the economics content are the lessons I go back to semester after semester.
One former student said, “I realize not only that I can’t have everything, but also that I need to prioritize what I want so that I can make good decisions along the way to get me to where I want to be.”
CEE continues to help teachers close the gap between what students know about economics and finance, and what they need to know. They do this by educating the teachers: providing the curriculum tools, the pedagogical support, and the community of peers who instruct, inspire, and guide. I believe that CEE delivers the fourth “R”—a real-world understanding of how to build fruitful lives to America’s young people.
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:
Buying Goods and Services
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.
It is always satisfying to watch a student’s face light up when he or she grasps a previously baffling concept or idea.
Even more satisfying is the moment when a student not only “gets it,” but also understands why something is worth knowing and how it might make a difference in his or her own life.
Empowering students was the goal of Virginia’s 2013 Governor’s Challenge in Economics and Personal Finance in April. I had the privilege of addressing high school students from across the Commonwealth who had triumphed in the online portion of the competition and were battling it out in the championship rounds at Virginia Commonwealth University. Their energy was contagious, and I was impressed by their command of this critical subject matter.
The Governor’s Challenge, sponsored in partnership with the Virginia Council on Economic Education (VCEE), highlights real-world financial skills and economic concepts that the state Board of Education incorporated into a now-required high school course in economics and personal finance.
By passing the course, students will come to understand their role and opportunities in the global marketplace. They will acquire the foundational knowledge needed to make smart decisions as adults about spending, saving, investing, risk taking and, even, starting a business.
Meet the 2013 Governor’s Challenge state champions – Western Albemarle High School:
Partnerships allow us to draw upon existing strengths between school divisions, government, the private sector, and groups with specific expertise such as the Council for Economic Education and VCEE. Together, we can maximize our investments and equip more students with the knowledge and skills they’ll need to prosper and secure financial independence.
Join in the effort to keep opportunity and optimism alive for America‘s youth. And, demonstrate your own financial literacy by taking full advantage of this matching grant opportunity! Donate today.
CEE closes the gap between what students know about economics and finance, and what they need to know. We do this by educating the educators: providing the curriculum tools, the pedagogical support, and the community of peers that instruct, inspire, and guide.
We depend on donors to continue to utilize the best educational technology, build new programs to meet evolving needs, and develop the most up-to-date resources. Thanks to the generosity of our donor, Scott Booth, and our Board Co-Chairman, Barry Haimes, all gifts received by June 30 will be matched dollar-for-dollar up to $175,000.
Here are some ways that you can invest in a brighter future for our kids:
$150 donation trains one teacher in interactive classroom learning activities. That teacher will reach 50-150 students each year.
$500 donation outfits a classroom with books and materials about earning, saving, investing and managing money.
$1,250 provides a full scholarship for a teacher to attend CEE’s highly regarded 52nd Annual Financial Literacy and Economic Education Conference, where educators share best practices and receive training on new resources.
For more information, please contact Tarnisha Smart, Director of Development.