Students

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: , , , , , ,

CFPB Calls for Expanded Financial Education in Schools

The Consumer Financial Protection Bureau (CFPB) released the whitepaper, “Transforming the Financial Lives of a Generation of Young Americans: Policy Recommendations for Advancing K-12 Financial Education” in April.

At a conference launching the white paper, CFPB Director Richard Cordray stated, “Financial education should be as fundamental as the education we are all required to receive in American history and government. We must be deliberate about pursuing financial education in our schools.” To that end, the whitepaper outlines five policy recommendations.  The Council for Economic Education supports all of these recommendations and has been working actively to promote many through our programs.

Recommendation 1: Introduce key financial education concepts early and continue to build on that foundation consistently throughout the K-12 school years.

CEE supports a spiraled curriculum approach and has lessons, curricula, and professional development programs for all grade levels from K-12. CEE and our affiliate the University of Illinois – Chicago Center for Economic Education are currently working with the Chicago Public Schools system on development and implementation of a spiraled personal finance curriculum culminating in a 12th grade capstone class.

In addition, CFPB encourages states to make a stand-alone financial education course a graduation requirement for high school students.

CEE works closely with our network of affiliates to advocate for high school course requirements in both economics and financial education.  CEE conducts a biennial Survey of the States to track requirements regarding standards, high school courses, and testing.  Currently 16 states require a course in personal finance for high school graduation, four of which are stand-alone courses. While we support stand-alone requirements for financial education, we believe these requirements should supplement, not supplant, course requirements in economics. Read more…

POSTED: June 20, 2013 | BY: Leslie Rasimas | TAGS: , , , , ,

Gen i Revolution goes mobile with two new mini games

CEE is pleased to introduce Gen i: Murktide Invasion and Gen i: Beyond the Mission, two new interactive games based on Gen i Revolution, that tap into the power of social and digital media to teach your students about saving and investing.

Available online and as Facebook applications, Murktide Invasion and Beyond the Mission are designed for students in grades 6–12. The games challenge players to put their investing knowledge to the test in a series of questions, going head-to-head with the “Murktide,” a network of double agents spreading false information about finance across the country.

Are you ready to take on the Murktide?

Play on the Gen i Revolution website.

Play on Facebook.

Gen i: Murktide Invasion and Gen i: Beyond the Mission were made possible by generous funding from H&R Block Dollars & Sense, which works to increase teens’ financial fitness nationwide.

gen i blog banner Gen i Revolution goes mobile with two new mini games

POSTED: June 18, 2013 | BY: Leslie Rasimas | TAGS: , , , , , ,

Resources

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