Students

Advocating for Our Children’s Future

April 8 200x300 Advocating for Our Children’s Future

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…

POSTED: April 8, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , , , , ,

Making the Case for Financial Literacy

April 7 150x150 Making the Case for Financial LiteracyBy Treasurer David H. Lillard, Jr., Tennessee Department of Treasury

Over the last twenty years, households in the United States have noticed an increase in debt load and decrease in overall savings and retirement funding.  Many of these expenses are related to education for the Millennial generation and longer life expectancy for the Baby Boomer generation.  While higher lifetime income levels should offset the increasing costs, many people do not have the personal finance tools necessary to hedge the increasing cost for these expenses.  Studies conducted by the Financial Services Review in 2007 determined that personal finance is a topic that affects all career levels in all disciplines.  This study is especially relevant in Tennessee as our state has one of the highest average credit card debts at $7,054 per person and the highest per capital bankruptcy filings at 6.59 per 1,000 people. Read more…

POSTED: April 7, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

Let’s Add an “F” to the Three Rs – Reading, Writing, Arithmetic, and Financial Literacy

April 4 199x300 Let’s Add an “F” to the Three Rs – Reading, Writing, Arithmetic, and Financial LiteracyBy Congressman Matt Cartwright, Pennsylvania’s 17th Congressional District.

This month we celebrate Financial Literacy Month in an effort to bring attention to this important life skill and encourage all Americans to take charge of their financial health. We’re confronted with a variety of financial decisions throughout our lives. Whether saving for retirement, buying a home, financing an education or simply putting away money in an emergency fund, a solid financial education is vital to making smart and responsible decisions.

The importance of consumer sophistication on financial matters has never been more important than it is in today’s economy. Unfortunately, Americans receive a failing grade when it comes to the subject.  According to Harris Interactive’s 2013 Consumer Financial Literacy Survey only 40 percent of adults say they have a budget and keep close track of their spending.  Approximately 60 percent of adults reported that they have not reviewed their credit score within the past year. Read more…

POSTED: April 4, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

Whether it’s known as Financial Literacy or Financial Education, it’s of the Utmost Importance.

April 3 198x300 Whether it’s known as Financial Literacy or Financial Education, it’s of the Utmost Importance.

By David J. Cowen, Ph.D., President & CEO of the American Museum of Finance; Co-Chair of International Federation of Finance Museums.

 When I first heard the term “financial literacy,” I didn’t know what it meant. My background was the trading floor and I incorrectly assumed it was defined as being knowledgeable about the literature of finance. I have never liked the term because in reality what it means is “financial education,” and many outside of our field are simply not familiar with that terminology.

But that is just semantics. The reality is that many Americans are financially illiterate. This epidemic is not just endemic to the United States, but rather is a global problem. Our museum is a member of the International Federation of Finance Museums (IFFM), of which I am co-chair, and we often discuss this core problem with our partners around the globe. We view ourselves – the community of finance museums – as beacons of financial literacy light in what all too often is a sea of darkness. Read more…

POSTED: April 3, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , ,

Putting Personal Finance in Perspective

BrianPage1 Putting Personal Finance in PerspectiveBy 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

Read more…

POSTED: April 2, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

Today is the last day of CEE’s Challenge Grant

June 30 is the final day of CEE’s $175,000 Challenge Grant.  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!

 

 

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.
The educational programs coordinated by CEE would not be possible without the generous contributions we receive from businesses, private foundations, government agencies and individuals like you.

POSTED: June 30, 2013 | BY: Leslie Rasimas | TAGS: , , , , , ,

Resources

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