By JD Hoye, President, National Academy Foundation.
Balancing a checkbook, creating and sticking to a budget, and setting up a savings account — these skills are vital, and with Financial Literacy Month upon us, it is crucial that we think about how not to just make the time to teach these skills, but reflect on how to do it in a way that engages students beyond the theoretical. Read more…
Illinois has placed a high priority on the financial literacy of its students, as it was one of the first states to implement rigorous economic and personal finance standards. This semester, its largest city continues to raise the bar for school systems nationwide: Chicago Public Schools (CPS) introduces a dedicated personal finance course for 12th-graders with resources developed by CEE.
Nan J. Morrison, President & CEO of CEE, outlines what this means for CPS and our nation’s students in her latest blog post on Huffington Post Education, “Chicago Public Schools Raise the Bar for Financial Education.”
Read the full blog post here.
Kate O’Hagan, a 4th grade teacher in Brooklyn, NY, uses CEE’s ‘Classroom Mini-Economy’ to teach real-world lessons in her class.
The United Federation of Teachers wrote a great article about Kate and her class, “Although they’re having fun, these children at PS 97 in Brooklyn are learning the serious business of being a grown-up in the Classroom Mini-Economy project, which O’Hagan began this past September after taking a free professional development unit on it at the Council for Economic Education in Manhattan.” Read more…
The lights went out at Super Bowl XVLII, but it wasn’t because the stadium didn’t pay the bills.
In fact, NFL stars are promoting financial literacy through VISA’s Financial Football DVD. Read more…
James B. O’Neill, director of the University of Delaware’s Center for Economic Education & Entrepreneurship, shared his views on the importance of financial literacy and how we can avoid the ‘personal cliff.’
In his piece for Delaware Online, O’Neill says that many adults “are faced with credit issues starting with simple goods and services and moving to the larger purchases of automobiles and homes.” Read more…
Tennessee is one of only 14 states that require high school students to take a course in personal finance, according to CEE’s Survey of the States biennial report.
“Reality Check,” a program sponsored by the Chattanooga, TN Chamber of Commerce, teaches ninth-grade students how to budget their money. The Chattanooga Times Free Press documented the one-day exercise in an effort to bring attention to the need for financial literacy in high school. Read more…
Annamaria Lusardi is the Denit Trust professor of economics and accountancy at the George Washington School of Business.
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