General News

The Students Have Spoken: Vote for Your Favorite Economic Advice!

We asked students nationwide, “What economic advice would they give the next U.S. president?” and we received hundreds of creative and fun video entries. The topics ranged from increasing human capital, helping the homeless, cutting the military budget, free college tuition and more!


Voting period ends October 7 at 11:59 p.m. ET.


POSTED: October 3, 2016 | BY: April Somboun | TAGS: , , , , , , , , , , ,

New Topic on EconEdLink: Election Economics


The Council for Economic Education is pleased to announce the release of a series of lesson plans to help educators (grades 9-12) teach the election and economics in their economics, civics, government, and other social studies courses. The lessons are all available for free on our teacher website EconEdLink.

Topics covered include:

  • Can Election Futures Markets Be More Accurate Than Polls?
  • Voters and Elections (Who Votes and Why?)
  • Money and Elections, Economic Misery and Presidential Elections, and more

Throughout the summer, additional lessons will be added on important campaign topics as the campaign continues to unfold, and CEE will also be hosting a free webinar for teachers on how to incorporate these lessons into their classrooms.

To ensure that you receive information about upcoming webinars and new materials available on EconEdLink, you can register for free at the following URL:

If you have any questions, please contact April Somboun.

POSTED: May 4, 2016 | BY: April Somboun | TAGS: , , , , , , , , ,

Graduating From Test Scores to Credit Scores

_DSC6347Brian Page 8x10 hi res for print

Written by: Brian Page, Chair, Council for Economic Education Teacher Advisory Council

Later this spring, high schools across the country will be graduating students from a world of test scores to a world of credit scores. Many teens will unknowingly be making decisions that will impact them in the decade to come. Yet most lawmakers have fallen short of respecting personal finance as a dedicated subject worthy of stand alone classes required for graduation, taught by teachers trained to teach it well. It’s time we work together to advocate on behalf of high school students to prepare them for the real world.

High school science, math and language arts teachers receive content specific instruction in college, and are required to pass content specific tests to earn teacher certification. Personal finance… not so much. Often times when mandates are passed, they require the integration of personal finance into other coursework. The mandate is often dumped into the laps of teachers who have never been trained to teach personal finance.

A FINRA Investor Education Foundation-funded study, State Financial Education Mandates: It’s All in the Implementation, examined the effectiveness of state mandates on financial education for high-school students. The study noted that if a rigorous financial education program is carefully implemented, it can improve the credit scores and lower the probability of credit delinquency for young adults. In other words, we need to train our teachers, require semester courses devoted to personal finance, and use hands on teaching methods that focus on relevant content.

NCLB aside, our country has historically been a locally controlled education system. This changed following the financial collapse in 2008. Somehow a banking collapse led to education “reform”, and schools were faced with a multitude of new evaluation systems and testing requirements. Subsequently, schools and lawmakers now seem to lack the appetite to pass further education mandates. This should not preclude us from trying, using a common sense approach that does not further burden our schools. I’m confident that if asked, parents and teens would be much happier about recent reform efforts if standardized test scores were a little less important, and helping them build their own credit scores were a little more important.

POSTED: April 7, 2016 | BY: April Somboun | TAGS: , , , , , , , , , ,

CEE Launches #MySavingsStory Campaign to Celebrate Financial Literacy Month




Happy Financial Literacy Month!

The Council for Economic Education (CEE) is thrilled to announce the launch of the #MySavingsStory Video Campaign to inform and inspire kids to understand and take control of their financial lives. We’ve enlisted fashion designer Elie Tahari, best-selling author of Diary of A Wimpy Kid, Jeff Kinney, entrepreneur Rosie Pope, and others to share, via videos, what they’ve learned about the importance of financial literacy and saving.

Below you will find the names of those involved and dates when their videos will be released throughout Financial Literacy Month. Make sure to check our Facebook page to watch their #MySavingsStory videos and hear their personal finance stories and savings advice firsthand!

We are so grateful to all who have joined the cause:

  •  April 1: Rosie Pope, Entrepreneur
  • April 3: Brian Kelly, The Points Guy, Entrepreneur and Blogger
  • April 6: Melissa Giannini, Editor-in-Chief, Nylon Magazine
  • April 8: Noelle Scaggs, Fitz and The Tantrums Vocalist
  • April 10: Natalie Zfat, Social Media Entrepreneur
  • April 13: Nan J. Morrison, President & CEO, Council for Economic Education
  • April 16: John Dioso, Executive Director of Editorial Operations, Glamour Magazine
  • April 18: Jeff Kinney, Author, Diary of A Wimpy Kid
  • April 20: Elie Tahari, Fashion Designer
  • April 22: Mona Patel, CEO & Founder, Motivate Design
  • April 23: Annamaria Lusardi, Denit Trust Distinguished Scholar and Professor of Economics and Accountancy, George Washington School of Business
  • April 24: Dan Kadlec, Journalist, Time Magazine
  • April 26: Veeral Rathod, CEO & Founder, J. Hilburn
  • April 28: Kelli Grant, Consumer Reporter,
  • April 30: Jeff Lacker, American Economist and President of the Federal Reserve Bank of Richmond

Through these personal stories, we hope to demonstrate how critically important financial literacy is for our nation’s students.

Also, we encourage you to share your own #MySavingsStory with us! You can do so by creating your own video (60 seconds or less) or by posting a personal finance story/lesson to your Facebook page and/or blog. Make sure to use the #MySavingsStory hashtag when sharing and tweet us at @council4econed so, we can further spread your story.

View Press Release.

POSTED: April 1, 2016 | BY: April Somboun

Virginia Leads the Charge in Preparing Students for Lifelong Financial Success – Daniel R. Mortensen, Executive Director, Virginia Council on Economic Education

During the Great Recession, while individuals, businesses, and policymakers nationwide were trying to determine ways to solve current and pressing problems, visionary leaders in Virginia were taking steps to help prevent a recurrence. In 2009, the Virginia Board of Education amended the high school graduation requirements to include a requirement that every student pass a full-credit (full-year) course in economics and personal finance, seeking to better equip graduating students to be successful in the labor market and remain financially solvent. Virginia’s graduating class of 2015 was the first to graduate with all students meeting this new requirement.

Virginia’s Standards of Learning are among the strongest in the nation. They contain elements of economics and personal finance in each grade, K-12, building on previously learned concepts from each level to the next. Since Virginia is one of only a few states with a full-credit requirement in economics and personal finance, Virginia’s students are poised to have a competitive advantage.

Ensuring that Virginia’s teachers have both the content knowledge and engaging, effective lessons to use in teaching their students is critical. In collaboration with the Virginia Department of Education and many in the private sector, the Virginia Council on Economic Education and its affiliated, university-based Centers for Economic Education have conducted economics institutes and personal finance institutes for more than 1,700 high school teachers, well over half of those teaching the course statewide. Our strong public/private partnership will enable ongoing delivery of quality training and resources to meet the continuing needs of teachers and their students.

The full-year high school course in Virginia provides all students with essential life skills that will benefit them, regardless of their future vocation or personal circumstances. Economically and financially literate students will become more productive employees and possibly, entrepreneurs. They will become more savvy consumers and more responsible users of credit. And, they will become more informed citizens and voters. By educating Virginia’s students in economics and personal finance, we are helping to create financially responsible adults and a more qualified workforce, ultimately leading to a stronger economy in Virginia.

Visit our website, for an interactive experience and download the study. And, find out where you state stands in economics and personal finance education and how you can take action today.

POSTED: February 3, 2016 | BY: Daniel Thompson

Putting Financial Education on the Map in Rhode Island – Seth Magaziner, Rhode Island State Treasurer

AS RHODE ISLAND’S STATE TREASURER, I am reminded every day of the critical importance of equipping our students with financial literacy skills so that they are able to make smart financial decisions throughout their lives. I am proud to be a part of recent efforts in Rhode Island to do just that.

The Survey of the States played an important role in propelling change in Rhode Island. The 2014 Survey showed that our state had no standards, course requirements, or statewide testing in personal finance. A group of concerned high school students in Rhode Island recognized that they are making life-altering financial decisions on education, housing, and transportation immediately after, and often even before, their high school graduation. They took it upon themselves to do something to improve the state’s educational system. In November 2014, they successfully advocated for the adoption of CEE’s National Standards for Financial Literacy as Rhode Island’s first-ever statewide standards. As a result, Rhode Island is now “on the map” when looking at the status of personal finance education across the nation.

Yet there is still more work to be done. Here in Rhode Island, we continue to build on the financial literacy initiative that began with those few motivated Rhode Island teenagers. A coalition of interested policymakers, educators, and industry leaders has been working together to build the financial capability of our youth so that the next generation will be better able to make informed decisions that positively impact their financial future, as well as our society as a whole. Thanks to organizations like the Rhode Island Council for Economic Education, we’re working to provide resources and professional development to teachers, and continuing to build awareness of the need for financial education throughout the state, region, and country.

Visit our website, for an interactive experience and download the study. And, find out where you state stands in economics and personal finance education and how you can take action today.

POSTED: February 2, 2016 | BY: Daniel Thompson

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