In NBC’s Today Online, reporter Sharon Epperson shares some great tips for teaching your kids about money just in time for the new school year — plus a great shout-out to CEE, citing the Survey of the States! Click here to read the full article.
Last month, the OECD Programme for International Student Assessment (PISA) presented the highly anticipated results of a worldwide study on financial literacy education, thanks in large part to the efforts of CEE Board Member Annamaria Lusardi. PISA tested 15-year-old students from 18 countries, comparing financial literacy performance on a global scale to help identify effective national strategies and best practices. Click here to see presentation and discussion of its key findings.
Despite modest progress in implementing financial education over the past few years, American students performed squarely in the middle of the pack, far behind nations like China and and Belgium. But on the bright side, these results have helped shine a spotlight on the need for improvement: Associated Press and others have cited data from the Survey of the States as an important indicator and benchmark for progress. Click here to view some of the highlights.
Three times a year the Council for Economic Education releases the CEE Report, highlighting our new and noteworthy events, programs and partnerships, including pilot programs and joint ventures with key supporters.
In This Issue
Vantage Point Series
Note from Nan
Indiana Council Launches $mart Indiana
Financial Literacy Month Highlights
Building Economic & Financial Literacy of DE Students
Financial Literacy & the Federal Government
Building the Financial Literacy of Illinois Students
2014 National Economics ChallengeSM
53rd Annual Conference
New Board Members
Gen i Revolution – Search for the Sweet 16th Contest Results
Survey of the States – By the Numbers
2014 Visionary Awards Dinner
In light of the findings of our 2014 Survey of the States, a recent US News article offers a crash course in personal finance education. The survey revealed only 17 states in the nation require high schoolers to take a personal finance course, meaning many students graduate without basic money management skills. This article provides 6 basic personal finance concepts that all high school graduates should know.
Last week on May 21, the Council for Economic Education hosted Senator Jack Reed (RI) and Senator Mike Enzi (WY) in Washington, DC for a very exciting announcement: the official launch of the Senate Financial and Economic Literacy Caucus, a bipartisan effort to ensure that all Americans are equipped with the essential skills and education they need.
Senator Reed stressed the importance of bringing people from all sides together to address the issue of financial literacy, “a critical problem for future generations.” Financial education is a lifelong endeavor, he continued, and “has to start in elementary and secondary schools, and lead into the college arena.” The Caucus, he hopes, will be a “catalyst for positive change.”
Senator Enzi addressed the need for access to information and tools to help Americans make the right choices, like saving for retirement, buying insurance, or investing.
Following their remarks, the room turned its attention to an important and timely question: what role should the federal government play in supporting financial literacy? Read more…