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General News

Where Does Your State Stand?

Every two years, the Council for Economic Education (CEE) conducts a comprehensive look into the state of K-12 economic and financial education in the United States, collecting data from all 50 states and the District of Columbia. The biennial Survey of the States serves as an important benchmark for our progress, revealing both how far we’ve come and how far we still have to go. There has been notable progress since the first survey was published in 1998, yet the pace of change has slowed. The 2018 Survey of the States shows that there has been little increase in economic education in recent years and no growth in personal finance education.

Research shows that requirements are the main driver of economics and personal finance being taught in schools. CEE works with our nationwide network of affiliates to both advocate for requirements and assist in their implementation. To support local and state advocacy initiatives, we have developed voluntary standards in economics and personal finance, nationally-normed, curriculum-agnostic assessments in economics and personal finance, and an online advocacy toolkit.

You can help strengthen economic and personal finance education by: 

  • Requesting a course in your school or district
  • Calling for more teacher-training
  • Promoting standards and course requirements at the state level.

Where does your state stand?


This piece was published in the Council for Economic Education’s 2018 Survey of the States.

POSTED: February 12, 2018 | BY: CEE Staff | TAGS: , , , , , , , ,

2018 Survey of the States Reveals Slow to No Growth in K-12 Personal Finance and Economic Education

Now in Its 20th Year, Council for Economic Education Study Highlights Wide Gaps in Financial and Economic Education Throughout U.S. States

 

A 2017 study from the American Psychological Association reveals that money is the second leading source of stress in the United States, and the National Institute of Mental Health estimates that 40 million Americans suffer from anxiety, which financial woes can easily trigger. Yet, according to Council for Economic Education’s (CEE) 2018 Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools, financial independence may be out of reach for many because K-12 students are not receiving adequate tools and training to make informed financial decisions; only one-third of the U.S. states require high school students to take a course in personal finance, while less than half require them to take a course in economics before graduating.

Now in its 20th year, Survey of the States findings indicate that progress has been achieved, yet gains have slowed in recent years. CEE will unveil the full results at an event today at George Washington University in Washington, D.C.

Research shows that students in states that require financial education have higher credit scores as well as more responsible spending habits and are less prone to compulsive shopping, reducing their financial risk greatly. However, 2018 Survey of the States findings reveal:

  • The number of states that require high school students to take a course in personal finance (17) has not changed over the past four years.
  • Since 2016, there been no change in the number of states which include personal finance in their K-12 standards and require those standards to be taught.
  • 22 states require high school students to take a course in economics—less than half the country but two more states than in 2016.
  • There has been no change in the number of states that require standardized testing of economic concepts since 2014.

“When we initiated this survey in 1998, only one state required enrollment in a personal finance course while 13 required enrollment in an economics class, so clearly we’ve made some gains. Michigan, Georgia, Utah and Texas are leading the way by requiring personal finance and economics courses to be offered and taken, as well as by implementing state standards and standardized testing,” said Nan J. Morrison, President and CEO of the Council for Economic Education. “However, the majority of U.S. states are failing our students by declining to offer these fundamental courses which are critical to their financial stability and security later in life.”

CEE conducts The Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools every two years. The report collects data from all 50 states and the District of Columbia, and includes commentary from experts and educators in the field to provide a comprehensive look into the state of K-12 economic and financial education in the United States.

The 2018 Survey of the States is available for download at: www.councilforeconed.org/surveyofthestates 

About the Council for Economic Education

The Council for Economic Education (CEE) is the leading non-profit organization in the United States that focuses on the economic and financial education of students from kindergarten through high school—and we have been doing so for nearly 70 years. We carry out our mission by educating the educators: providing the curriculum tools, the pedagogical support, and the community of peers that instruct, inspire, and guide. All resources and programs are developed by educators, and delivered by our national network of affiliates. Our goal is to reach and teach every child. Each year CEE’s programs reach more than 55,000 K-12 teachers and over 5 million students across the United States. EconEdLink – our free, online educator gateway for economic and personal finance lessons and resources – attracts more than 1 million unique visitors annually.

Media Contacts:  

Lisa Fels Davitt
lisa@successioncommunications.com
(973) 886-1917

Kate Alexander
kate@successioncommunications.com
(201) 638-3946

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POSTED: February 8, 2018 | BY: CEE Staff | TAGS: , , , , , , , , , , , ,

“Your support is making a difference” — Teacher Gabriel Tanglao


Gabriel Tanglao headshotHi, my name is Gabriel Tanglao, and I am the proud recipient of the 2017 Alfred P. Sloan Foundation Teaching Champion Award presented by the Council for Economic Education (CEE) for excellence in promoting economic education.

I believe economics education is a vital stepping stone in the climb toward the American Dream. Our role as economics educators is to help these students move to higher ground.

By supporting CEE, you are helping to provide teachers, like me, with the tools and resources that we need to teach our kids about economics and personal finance, so that they can make better decisions for themselves, their family, their communities, and the country.

Please join me in supporting CEE by making a gift today.

Sincerely,

sig
Gabriel Tanglao
10-11th Grade Teacher
Bergen County Technical Schools, Teterboro

POSTED: December 14, 2017 | BY: CEE Staff | TAGS: , , , , , , ,

Successful Leaders Share Their #MySavingsTip Throughout Financial Literacy Month

For Financial Literacy Month, in partnership with Natalie Zfat, Entrepreneur and Forbes Contributor, we enlisted successful leaders in all different fields such as Mark Cuban, Randi Zuckerberg, Andrew Ross Sorkin, Alexa von Tobel and others to inspire kids to start saving and raise awareness for personal finance and economic education in our nation’s schools. Throughout the entire month, the participants shared their best money-savings tip.

The #MySavingsTip campaign and a handful of participants were featured throughout the month on CNBC, CNBC Make It, Mashable and HuffPost. Here’s a great round-up along with an inspiring video of the campaign from CNBC Make It, Mark Cuban and 24 other leaders and execs offer their No. 1 best money-saving tip.”

It’s true: “you don’t have to be young to benefit from the advice.”

List of Participants:

  • Lo Bosworth, Entrepreneur, Author and Creator of TheLoDown
  • Mark Cuban, Investor, Entrepreneur, Television Personality and Owner of NBA’s Dallas Mavericks
  • Melissa Giannini, Editor in Chief, Nylon Magazine
  • Elizabeth Gore, Entrepreneur-in-Residence at Dell, Chair of the United Nations Foundation’s Global Entrepreneurs Council
  • Kelli B. Grant, Consumer Reporter, CNBC
  • Megan Hess, Mobile Editor, Bloomberg
  • Dan Kadlec, Journalist and Author
  • Brian Kelly, Founder and Editor in Chief at ThePointsGuy.com
  • Beth Kobliner, Journalist and The New York Times Best Selling Author
  • Ron LieberThe New York Times “Your Money” columnist and Author
  • Erin Lowry, Founder at Broke Millennial
  • Dr. Annamaria Lusardi, Denit Trust Endowed Chair of Economics and Accountancy at the George Washington School of Business
  • Kathryn Minshew, Founder & CEO at The Muse, contributor to HBR, WSJ & Bloomberg
  • Nan J. Morrison, CEO & President, Council for Economic Education
  • Brian Page, Teacher, Reading High School, Cincinnati, Ohio
  • Mona Patel, Founder and CEO of Motivate Design
  • Carrie Schwab-PomerantzPresident, Charles Schwab Foundation and SVP Charles Schwab
  • Rosie Pope, Creative Director and Co-Founder of Rosie Pope Maternity
  • Chondra Sanchez, Creative Co-Director and Writer at Evil Ink Comics
  • Chris Siegfried, Mortgage Consultant- HomeStreet Bank
  • Ann Shoket, Author of The Big Life, former editor in chief Seventeen Magazine 
  • Andrew Ross SorkinThe New York Times Columnist/Editor, CNBC Squawk Box Co-Anchor, Author and Creator/Executive Producer of BILLONS on Showtime
  • Alexa von Tobel, Founder and CEO, LearnVest
  • Tara Lynn WagnerNY1 reporter
  • Natalie ZfatEntrepreneur and Forbes Contributor
  • Sam Zises, Founder and CEO, Learned Media
  • Randi Zuckerberg, Founder and CEO, Zuckerberg Media

 

 

 

 

 

 

POSTED: May 4, 2017 | BY: April Somboun | TAGS: , , , , , , , , , , , , ,

Mark Cuban, Randi Zuckerberg, Andrew Ross Sorkin and others to kick-off Financial Literacy Month with “My Savings Tip” campaign

Randi Zuckerberg

On April 1, the Council for Economic Education (CEE) will kick off a month-long financial literacy campaign, enlisting Mark Cuban, Beth Kobliner, Ron Lieber, Andrew Ross Sorkin, Alexa von Tobel, Randi Zuckerberg and others to raise awareness for personal finance and economic education in our nation’s schools. Participants will share personal savings tips on social media to inform and inspire kids to understand and take control of their financial lives.

With early and continued exposure to personal finance and economics, kids grow up to be better savers, investors, borrowers, voters and participants in the global economy. They can make better financial decisions for themselves and their families. CEE, in partnership with entrepreneur Natalie Zfat and economists, entrepreneurs, business leaders and journalists (see full list below) will be sharing their savings tips, in hopes to inspire kids to understand how critically important financial literacy is to set foundations for their lives and careers.

“We’re excited to launch the My Savings Tip campaign with Natalie Zfat and this group of inspiring participants to showcase the importance of financial literacy,” said Nan J. Morrison, CEO and President, CEE.  “Hearing directly from experienced leaders and entrepreneurs about their personal savings tips is a powerful message—we can’t thank them enough for helping to inspire young people through their messages.

“I can’t think of anything more important than a child’s education,” said Natalie Zfat. “It’s an honor to work with CEE again to help teach kids how saving is such an integral part of success.”

The #MySavingsTip campaign will run across multiple social media platforms throughout April to get kids talking about how to create lives of possibility. You can follow along via our Twitter and Facebook pages.

List of Participants:

POSTED: March 28, 2017 | BY: April Somboun | TAGS: , , , , , , ,

Larry Kantor, Chet Ragavan and Phil Wharton Named New Board Members at Council for Economic Education

We are delighted to announce that the Council for Economic Education has just added three new board members: Larry Kantor, Chet Ragavan and Phil Wharton.

“We are excited to have Larry, Chet and Phil join CEE’s board,” said Nan J. Morrison, CEE’s President and CEO. “These individuals bring a depth and range of experience in the financial arena that will serve our board and CEE’s mission well. They are dedicated to our vision to see that all our children have the knowledge to make better decisions as savers, investors, borrowers, voters, and active participants in the global economy.”

kantor_larry_headshotLarry Kantor

Larry Kantor, a 2016 Advanced Leadership Fellow at Harvard University, retired from Barclays in 2015 as Managing Director and Head of Global Research. Kantor was also a member of the Executive Committee that set the strategy for the Investment Bank. Prior to Barclays, he held positions at JP Morgan Chase, Normandy Asset Management, the Federal Reserve Board and Lehigh University. Kantor has made many appearances in the media, including on CNBC, Bloomberg TV and radio, The Nightly Business Report and CBS Evening News. 

Chet Ragavan

Chet Ragavan serves as executive vice president and chief risk officer for Voya Financial. He is responsible for overseeing the enterprise-wide and business-level risk monitoring and management program for the organization. His responsibilities include managing the framework for measuring, controlling, hedging and pricing risk, as well as compliance with all global financial reporting standards for the company.

Ragavan joined ING U.S. Investment Management (ING U.S. IM) in April 2008 as chief risk officer. Prior to joining the company, he served as managing director, co-head of the Portfolio Analytics Group for BlackRock Solutions following its merger with Merrill Lynch Investment Managers. He began his career at Merrill Lynch in 1980 and has held a number of senior investment and risk management positions within its various subsidiaries.

Ragavan has a Bachelor of Business Administration degree in management science from Madurai University, and a Master of Business Administration in finance from the University of Madras, both in India. He also earned a Master of Science degree in computer science from the New Jersey Institute of Technology and holds the Chartered Financial Analyst® designation.

Phil Wharton picturePhil Wharton

Phil Wharton serves as Executive Vice President for Residential Development at RXR Realty. Wharton joined RXR in December 2014 and oversees the residential development activities at RXR. Prior to joining RXR, he had worked at Brookfield Property Group as Senior Vice President for Development. In this role, Wharton oversaw all strategic initiatives pertaining to Brookfield’s 10-million-square-foot U.S. development pipeline, including the Manhattan West project on Manhattan’s West Side.

Prior to that, Wharton worked at AvalonBay Communities, a $10 billion equity cap real estate investment trust specializing in luxury multifamily development projects across the US. Wharton was on the Board of Trustees of the Bronx Preparatory Charter School for ten years.

Wharton holds a bachelor’s degree from Harvard College and an MBA from the Wharton School of Business.

For media inquiries:

April Somboun, Director of Marketing
Council for Economic Education
asomboun@councilforeconed.org
212-730-6727

POSTED: February 23, 2017 | BY: April Somboun | TAGS: , , , , ,