Press Releases

Exciting new partnership: CEE & Kidfund

We are excited to announce we have teamed up with Kidfund to make it easier for families to save for their children’s future and college tuition. Kidfund is a socially powered savings app that lets families and friends contribute to the child’s account. The app engages the child in the process so they can understand the power of saving and watch their money grow.

This partnership is a natural extension of CEE’s mission to provide children with the knowledge and tools to create financial stability for themselves and their families. As a result of the CEE and Kidfund partnership, CEE will receive $10 for each new family that opens an account and starts to save to support its mission.

We hope you’ll sign up for your child’s free account today and/or pass along this information to others who you think can benefit from this. And, for a limited time only, families new to Kidfund will receive $5 when they sign up and start saving. The funds are held securely in individual accounts at USALLIANCE Financial. The accounts are completely free (no fee, no minimums), earn 3% interest on the first $500, and are FDIC insured up to $250,000.

To  learn more about the partnership and how to download the Kidfund app, please visit: https://www.kidfund.us/cee-partnership

 

 

POSTED: April 23, 2018 | BY: Daniel Thompson | 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: Daniel Thompson | TAGS: , , , , , , , , , , , ,

Council for Economic Education Produces Content for Minecraft: Education Edition

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The Council for Economic Education (CEE) is excited to announce new educational content released for Mojang and Microsoft’s Minecraft: Education Edition. CEE released two free Minecraft lesson plans providing teachers, grades 3-5 nationwide the opportunity to further engage their students on the subject of economics via one of the most popular games in the world.

The lesson plans are designed for students to explore how to make smart economic choices in a team setting. When playing Minecraft, students will evaluate costs and benefits to help determine the types of resources needed to build a structure. In turn, when they’ve created a structure in Minecraft they will reflect on how their economic decisions made a positive or negative impact on their built environment.

“We are excited about our activities with the Minecraft Education team,” said Nan J. Morrison, CEO and President, CEE. “The fact is that only 20 states require students to take a course in high school economics and it’s our mission to ensure kids at every age are given the opportunity to learn key economic concepts. Using Minecraft is a fun and easy way to teach kids about fundamental life skills – choices, costs, and benefits – all core principles of economics.”

CEE will continue to develop free Minecraft lesson plans tied to economic concepts for teachers to use in the classroom. To view the two free lesson plans, please visit:

Teachers can sign-up for a trial of Minecraft: Education Edition by visiting: http://education.minecraft.net/get-started/.

POSTED: March 8, 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: , , , , ,

2016 John Morton Excellence in Teaching of Economics Award

Copy of Life is likea cup of tea.

 

The Council for Economic Education is delighted to announce the winners of the 2016 John Morton Excellence in Teaching of Economics Award, honoring three outstanding teachers for excellence in economic education. Demonstrating teaching concepts that improve and stimulate economic understanding in and out of their classroom, these teachers are raising the bar for K-12 economic education, and will receive the John Morton Award at CEE’s 55th Annual Financial Literacy and Economic Education Conference on October 7 in Phoenix, Arizona.

Selected by an expert panel of judges, this year’s winners stood out for their innovative approaches and classroom results on an important subject. They also encouraged their students to use economics and financial literacy as a means to acquire the skills necessary to succeed in their education and their future careers. This year’s winning teachers are: Gina Boyd, Mayflower Mill Elementary School, Lafayette, Indiana; Patricia Dennis, Sonara Middle School, Springdale, Arkansas; and Jacob Clifford, San Pasqual High School, Escondido, California.

“These three teachers exemplify outstanding and innovative economic teaching approaches for all ages. They bring economics to life for their students and have clearly shown their commitment to economic education that extends beyond the classroom,” said Nan J. Morrison, CEE President and CEO. “We hope that by highlighting their achievements and passion for the subject, these educators will continue to help move the needle forward to bring economics into all classrooms.

POSTED: October 5, 2016 | BY: April Somboun | TAGS: , , , , , , ,

CEE Launches #MySavingsStory Campaign to Celebrate Financial Literacy Month

 

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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, CNBC.com
  • 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

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