CEE in the News: Recession doesn’t change students’ econ savvy.

April was Financial Literacy Month, and educators, families, non-profit organizations and businesses across the country rallied in support of financial education.

The National Assessment of Educational Progress released The Nation’s Report Card: Economics 2012, Grade 12 at the end of April. These tests are administered by the National Assessment Governing Board, who develop assessment frameworks in mathematics, reading, writing, science, geography, U.S. history, civics, economics, the arts and technological literacy.

Students’ scores of economic literacy changed little between 2006 and 2012, suggesting that the national discussion about the millions of jobs that were lost and homes that were foreclosed didn’t translate to higher academic achievement. During that period, several states added an economics course to high school offerings and some started requiring it to earn a diploma.

The article “Recession doesn’t change students’ econ savvy” shares thoughts from financial literacy and economic education leaders, including Annamaria Lusardi, CEE board member, and Nan J. Morrison, CEE’s President and CEO.

CEE’s work has been mentioned specifically by Federal Reserve Chairman Ben Bernanke; “Financial education supports not only individual well-being, but also the economic health of our nation,” Bernanke told a town hall-style meeting with teachers in 2012. “As the recent financial crisis illustrates, consumers who can make informed decisions about financial products and services not only serve their own best interests, but, collectively, they also help promote broader economic stability.”

POSTED: May 6, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , ,

Raising the Bar for Financial Literacy Education through New Standards

The new National Standards for Financial Literacy, developed by CEE in conjunction with a team of experienced and talented economists, education specialists at Federal Reserve banks, and financial education researchers, provide a framework for teaching personal finance in kindergarten through 12th grade. The standards will assist educators and school districts to build a framework for teaching financial literacy in your school.

The standards contain the areas of knowledge and understanding that are fundamental to personal finance:

  • Earning Income
  • Buying Goods and Services
  • Using Credit
  • Saving
  • Financial Investing
  • Protecting and Insuring

Each of these six standards includes benchmarks outlining what a student should be able to understand and examples at the 4th, 8th and 12th grade levels of how the student might demonstrate this understanding.  The benchmarks also emphasize decision-making skills by explicitly relating planning and goal setting, financial decision making, and assessing outcomes to each standard.

Watch our short video for an introduction to the new standards. Download a free copy here.

national standards for financial literacy overview video Raising the Bar for Financial Literacy Education through New Standards

POSTED: May 3, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , ,

CEE’s $175,000 Matching Challenge Grant through June 30

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! Donate today.
CEE closes the gap between what students know about economics and finance, and what they need to know. We do this by educating the educators: providing the curriculum tools, the pedagogical support, and the community of peers that instruct, inspire, and guide.

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.

For more information, please contact Tarnisha Smart, Director of Development.

POSTED: May 1, 2013 | BY: Leslie Rasimas | TAGS: , , , , , ,

CEE Announces Two Teacher Winners for Financial Literacy Month Video Contest

In honor of Financial Literacy Month, CEE asked our nation’s K-12 classroom teachers to share their lesson plans in our contest “What is your most creative idea for implementing personal finance into the classroom?”

We received videos from across the country, and posted them on our Facebook page for our fans to vote for their favorite.

Congratulations to the Popular Vote Winner:

Teacher: Bobby Letter
School: Peak to Peak High School, Lafayette, CO

Bobby Letter video CEE Announces Two Teacher Winners for Financial Literacy Month Video Contest

Congratulations to the CEE’s Choice Winner:

Teacher: Greg Cox
School: Ellis Elementary, Logan, UT

Greg Cox video CEE Announces Two Teacher Winners for Financial Literacy Month Video Contest

Both winners will receive a $1,000 gift card from American Express and a complimentary registration to our 52nd Annual Financial Literacy and Economic Education Conference.

Thanks to all of the teachers who created videos, entered the contest and supported each other by voting. You can get inspiration for your own classroom by viewing all of the video submissions here.

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

Cocktail Party Advice: Never an Economist and Always an Advocate for K-12 Personal Financial Education

Andrew Hill1 225x300 Cocktail Party Advice: Never an Economist and Always an Advocate for K 12 Personal Financial EducationBy Andrew Hill, Economic Education Advisor at the Federal Reserve Bank of Philadelphia; and Adjunct Professor of Economics at Temple University.

Cocktail party conversation can often be difficult for even the most adept conversationalists among us. When meeting new people, an unavoidable topic is always what you do for a living. I was trained in graduate school to expect people to respond in unpredictable ways when I explain that I am an economist. Read more…

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

Achieving Financial Responsibility Requires Businesses to Pitch In

Shannon Schuyler 221x300 Achieving Financial Responsibility Requires Businesses to Pitch InBy Shannon Schuyler, U.S. Corporate Responsibility Leader for PricewaterhouseCoopers.

I come from a family of educators. While I didn’t choose a similar career path, some might find it ironic that I devote as much time as I can to connecting with teachers to better understand the challenges they face, particularly as it relates to teaching financial literacy. Their perspective informs the solution.

Trust me when I tell you that there is no shortage of teachers out there with a desire to help prepare their “kids” to make responsible financial decisions. The recent financial crisis made it very apparent that our individual financial well being is a responsibility each of us must own, and that starts with understanding from an early age how our choices impact our financial stability. Read more…

POSTED: April 29, 2013 | BY: Leslie Rasimas | TAGS: , , , ,


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