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.
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.
By: United States Senator Jack Reed (D-RI)
April is an exciting time for high school seniors. Graduation is just around the corner and college acceptance letters are rolling in, and with them an overwhelming sense of possibility and anticipation for students, along with a measure of joy and worry for parents.
Getting into college is an admirable achievement, but paying for college is a long-term commitment.
Indeed, according to the Project on Student Debt, 71% of college seniors who graduated last year had some form of student loans to pay back, with an average of $29,400 per borrower. Read more…
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.
By David Nelms, Chairman & CEO of Discover Financial Services
Financial education in school, coupled with regular money discussions at home, is necessary to help students become knowledgeable about money, establish good financial habits and avoid the economic pitfalls that can derail them from achieving their goals. As parents, teachers and community and business leaders, we are accountable for providing young people with access to academic instruction and life skills training. When we fail to do so, we deprive them of the knowledge they need to make good financial decisions that have lasting implications to their futures. Read more…
By Brian Page, Personal Finance and Economics Teacher; Teacher Advisory Chair for the Council of Economic Education.
Our children should be the compass to guide our education policy decisions.
Personal finance is a topic that provides students with the tools and concepts to live a happier life. We know personal wellness is impacted by financial stress. Financial stress causes…
- sleep deprivation
- strain in personal relationships with friends and spouses
- weight gain and further health problems
- an adverse impact to worker productivity