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We can do better than this. Our children need financial literacy.

Lynn Fitch We can do better than this. Our children need financial literacy.By State Treasurer of Mississippi Lynn Fitch.

On my way to make a speech recently, I made a quick stop at a local convenience store to grab a diet coke.  “That will be $2.28,” the young girl smiled.  As I handed her three $1 bills, the cash register chirped and the drawer popped open.  She reached for my change. “Oh wait,” I said, “I have three pennies.”  Her pleasant smile quickly faded and was replaced with a blank stare into the cash drawer. “Um…..hmmm…..uh…..so…..I’m not sure what to do,” she said in a confused, sheepish tone.

It’s unfortunate that many of our young people can’t count change or do the math.  We must give them the financial skill set and tools to succeed in life so they don’t have to learn the hard way.  We must create financial freedom for our children. Read more…

POSTED: April 4, 2013 | BY: admin | TAGS: , , , , , , ,

5 Reasons to Teach Financial Literacy

By Brian Page, Finance, Economics, & Business Teacher at Reading High School, Ohio; Working Group, President’s Advisory Council on Financial Capability.

#1 Relevance
We are asking our students to make one of the biggest debt choices of their lives before they leave high school, student debt. Student debt now exceeds $1 trillion. It’s a growing problem that needs our attention. Many high school students have jobs and pay taxes and need to understand how to fill out basic tax forms and file for themselves. I could write a dedicated blog post full of further anecdotes, but you get the point. Many of the students we teach have adult responsibilities. Personal finance is relevant to all of their lives in the future, and to many of their lives right now. Read more…

POSTED: April 3, 2013 | BY: admin | TAGS: , , , , ,

CEE in the News: Why We Need to Teach Financial Literacy in Schools

Suzanne McGee of The Fiscal Times is a proponent of financial literacy education, both at home and in our schools. After a media luncheon with Nan J. Morrison, CEE president & CEO, McGee followed up with her blog post on what she learned from teaching “Wall Street 101,” and how we can do better for our nation’s youth.

“It isn’t about giving kids rules, Morrison points out: Just telling them to save 10 percent of their income is about as useful as telling an overweight child to eat less and exercise more. What helps more is teaching that child to make healthy choices and discover the rewards of physical activity. Similarly, helping a child to become fiscally fit means giving them tools to make sensible decisions on a day-to-day basis, not just putting aside an arbitrary percentage of their income.”

You can read McGee’s full post on The Fiscal Times here.

POSTED: March 12, 2013 | BY: admin | TAGS: , , , , , ,

Financial Literacy Skills in Indiana

Poor financial literacy skills lead to poor choices. Poor choices can create a downward spiral for young people and adults.

Jeff Sanson, executive director of the Indiana Council for Economic Education (ICEE), spoke with Symone Skrzycki of BizVoice Magazine, on the importance of financial literacy and education for our nation’s youth in ‘Cause for Alarm – Financial Literacy Skills Must Improve.’

ICEE is one of CEE’s state affiliates working to improve the personal finance and economic skills for teachers and students. You can learn more about their work here.

Read the full BizVoice article here.

POSTED: March 5, 2013 | BY: admin | TAGS: , , , ,

American Economic Association offers free online issues of the Journal of Economic Perspectives

The American Economic Association (AEA) is now offering free online issues of the Journal of Economic Perspectives in order to distribute economic information as widely as possible.

All issues of The Journal of Economic Perspectives (1987-present) are now available at no charge compliments of the AEA. The JEP journal fills a gap between the general interest press and most academic economics journals. It offers policymakers, educators, students and economic practitioners analytical essays that focus the lens of economic reasoning on topics of general interest. It draws attention to new and important topics in a timely manner; informs and shapes the debate on public policy; and addresses matters relating to the economics profession. This journal exposes the power, utility and beauty of clear economic insight. Celebrating its 25th year of publication, current issues of the JEP are also available in-e-reader formats.

POSTED: September 17, 2012 | BY: admin | TAGS: , , , ,

Pew Research Center: The News IQ Quiz

Are you more news-savvy than the average American?

What Know About Logo Pew Research Center: The News IQ Quiz

 

Test your knowledge of the major political parties by taking our short 13-question quiz. Then see how you did in comparison with 1,000 randomly sampled adults asked the same questions in a national survey conducted by the Pew Research Center.

When you finish, you will be able to compare your News IQ with the average American, as well as with the scores of college graduates and those who didn’t attend college; with men and women; and with people your age as well as other ages.

POSTED: April 26, 2012 | BY: admin | TAGS: , , ,

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