A CNBC article discusses President Obama’s recent proclaimation that April is National Financial Capability Month and his reestablishment of the Advisory Council on Financial Capability for Young Americans. The spotlight is on financial literacy, however it is not taught in most schools.
US News & World Report references a recent study by H&R Block that reveals adults aren’t the only ones worrying about money. The survey of 13- to 17-year-olds shows that teens are worried about future student loan debt, gaining employment and maintain the standard of living from their childhood homes.
Council for Economic Education Offers Teacher and Student Resources for Financial Literacy Month
NEW YORK, NY April 1, 2014 – Since 2003, the US has recognized April as Financial Literacy Month, shining a spotlight on the importance of personal finance and economic education. And yet, a new survey from the Council for Economic Education (CEE) reveals slow to no growth in K–12 personal finance and economic education in public schools. According to the Council for Economic Education’s 2014 Survey of the States, a majority of the public school students in the United States still are not exposed to economics or personal finance education despite the lessons of the recent recession. Read more…
A recent TIME article explains Oklahoma’s creation of ”one of the most comprehensive statewide school-based financial education programs in the country.” Beginning this May, high-school seniors will be required to have a firm understanding of 14 money management concepts in order to graduate.
The Wall Street Journal reports that while more U.S. students are taking personal finance or economics classes than before, many schools have yet to teach either subject. According to CEE’s newly published Survey of the States, high schools in just 24 states offer economics courses, while 22 states have an economics requirement, little changed from the most recent survey two years ago.