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High School Team From Nebraska Wins Top Honors in National Personal Finance Challenge

Council for Economic Education Competition Showcases Mastery of Essential Life Skills

NEW YORK (June 4, 2021): Students from Millard North High School in Omaha, Neb., earned the top title in this year’s National Personal Finance Challenge (NPFC) for showcasing their understanding of an essential life skill: how to manage money, whether you have a lot of it or not much at all.

Nearly 10,000 students from more than 350 schools competed across the United States in the NPFC this spring. Students from the Applications & Research Laboratory school in Ellicott City, Md., ranked as first runner-up, with teams from Bellarmine College Preparatory in San Jose, Calif., and Germantown High School of Madison, Miss., rounding out the top four finalists from the 24 semifinals teams. 

The competition showcases students’ ability to use their knowledge to assess a family’s financial situation and present a thoughtful plan including earning, spending, saving, using credit and investing.

Organized by the Council for Economic Education (CEE) with help from the Nebraska Council on Economic Education, it was held entirely online due to COVID-19. The NPFC is sponsored by Voya Financial. 

“Congratulations to the students and teachers from Millard North, Applications & Research, Bellarmine and Germantown and to every student who studied personal finance during this COVID-affected school year,” said Nan J. Morrison, CEE president and chief executive officer. “We see in all the teams who competed that managing your money smartly is not something young people just know – it’s something they need to learn.” 

In 21 states, students are required to take a course in personal finance, according to CEE’s biennial Survey of the States. In other states, personal finance skills that many used to take for granted – creating budgets, understanding interest, credit and goal-setting – may not even be on the agenda.

“Our research indicates that in states with personal finance requirements, students exhibit more informed behavior around college financing, and that’s particularly true for those from economically challenged families,” Morrison said. “In states without requirements, there is a 16-point gap in access to financial education between kids from lower-income versus wealthier families.”

“These high school students are facing financial independence in just a few short years,” said Heather Lavallee, CEO of Wealth Solutions, Voya Financial. “The National Personal Finance Challenge is equipping stellar teams from around the country with smart decision-making skills to navigate that milestone and forge a path to financial security.”


About the Council for Economic Education:

The Council for Economic Education’s mission is to teach K-12 students about economics and personal finance so that they can make better decisions for themselves, their families and their communities. We carry out our mission by providing resources and training to K-12 educators and have done so for 70 years. Nearly 2/3 of the teachers we reach in person are in low- and moderate-income schools. 

Media contacts:

For more information, team photos or to arrange interviews with team members and teacher/coaches:

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

Steve Hirsh, steve@successioncommunications.com, (202) 441-1516

POSTED: June 8, 2021 | BY: CEE Staff

Mount Hebron High School in Ellicott City, Md. Clinches the 21st Annual National Economics Challenge from the Council for Economic Education

Challenge Participation Climbs, Spotlighting the Value of Economic Education

New York, N.Y. (May 25, 2021) – For the third consecutive year, Mount Hebron High School from Ellicott City, Md., outscored student teams from around the United States to win both divisions of the 21st Annual National Economics Challenge (NEC) sponsored by the Council for Economic Education (CEE).

The school emerged atop the 375 schools that participated. In all, more than 10,000 students competed nationwide in the NEC, the country’s only economics competition for high school students. The Challenge was held entirely online due to COVID-19.

“It’s encouraging to see the benefits of economic education shining so brightly in all of our participants, with educators, parents and students truly valuing economic thinking,” said Nan J. Morrison, CEE’s president and CEO. “The caliber of students never ceases to amaze me, and the Mount Hebron High School team from Ellicott City, Md., is once again a further testament to this. We applaud them and all who participated in the challenge and in high school economics courses.”

CEE’s NEC builds critical thinkers and tomorrow’s leaders, Morrison added. The competition recognizes exceptional high school students for their knowledge of economic principles and their ability to apply problem-solving and critical-thinking skills to real-world events.

Students advance from NEC state level competitions to a final quiz bowl and critical thinking presentation on an economic issue and problem by competing in one of two divisions depending on their level of experience. The Adam Smith division is for advanced placement, baccalaureate and honors students as well as any returning competitors. The David Ricardo division is for students participating in the NEC for the first time and who have taken no more than one economics course. The winning Mount Hebron school fielded teams in both.

The Challenge also included an international round featuring a quiz bowl between the top U.S teams and China’s winners from CEE’s NEC: International managed by its exclusive partner in China, SKT Education. Four thousand Chinese students participated in the Challenge in China, with 192 advancing to the worldwide finals. Mount Hebron High School also won the international quiz bowl in both the David Ricardo and Adam Smith divisions competing against Xi’an Gaoxin No.1 High School-International Course Center and Shanghai Starriver Bilingual School.

Steve Liesman, senior economics reporter for CNBC, emceed the U.S. competition, and Karen Finerman, chief executive officer of Metropolitan Capital Advisors and panelist on CNBC’s Fast Money, hosted the China competition.

More details on the National Economics Challenge can be found on CEE’s Twitter page and by searching the hashtag #EconChallenge or visiting www.NationalEconomicsChallenge.org.

Note to editors: A list of all U.S. teams that participated in the Challenge finals is available below.

About the Council for Economic Education and the National Economics Challenge:

The Council for Economic Education’s mission is to teach K-12 students about economics and personal finance so that they can make better decisions for themselves, their families and their communities. We carry out our mission by providing resources and training to K-12 educators and have done so for 70 years. Nearly 2/3 of the teachers we reach in person are in low- and moderate-income schools.

Media contacts:

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

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

State champion teams in the 21st Annual National Economics Challenge finals May 22-24, 2021.

ADAM SMITH DIVISION:

· BASIS Scottsdale (Scottsdale, Ariz.)

· Chattahoochee High School (Johns Creek, Ga.)

· Conestoga High School (Berwyn, Pa.)

· Dublin High School (Dublin, Calif.)

· ‘Iolani School (Honolulu, Hawaii)

· Mount Hebron High School (Ellicott City, Md.)

DAVID RICARDO DIVISION:

· Half Hollow Hills High School East (Dix Hills, N.Y.)

· Irvington High School (Fremont, Calif.)

· Lexington High School (Lexington, Mass.)

· Maggie L. Walker Governor’s School (Richmond, Va.)

· Mount Hebron High School (Ellicott City, Md.)

· Plano West Senior High School (Plano, Texas)

POSTED: May 25, 2021 | BY: CEE Staff

Natixis Investment Managers partners with Invest in Girls as Innovation Sponsor to bring financial literacy workshops online during COVID-19

Invest in Girls, a program of the Council for Economic Education (CEE), is thrilled to announce that Natixis Investment Managers, a long-time partner, has increased their support through a new “Innovation Sponsorship” to bring IIG’s student financial workshops online. This sponsorship builds on CEE’s success in bringing the National Personal Finance and National Economics challenges online during this difficult time and ensures that high school students continue to be introduced to and learn about finance.

Invest in Girls provides financial literacy workshops to high school girls and introduces them to careers in finance through role models and specialized industry trips. Workshops are usually conducted in schools as in-school or after-school programs. When schools closed, IIG shifted their focus to provide uninterrupted workshops to students through online channels.

Natixis has partnered with the Invest in Girls program through hosting industry trips, hiring IIG Alumnae for internships, and event sponsorships. Together, we have been looking for ways to deepen our partnership, and the “Innovation Sponsorship” to bring IIG online was the perfect match.

“Natixis Investment Managers has proudly partnered with Invest in Girls for several years as part of our commitment to build a pipeline of diverse candidates within the finance industry,” said Tracey Flaherty, global head of diversity and inclusion. “We are excited to deepen that relationship, and we look forward to helping to educate the next generation of women about the various career opportunities available to them in the financial sector.”

Under normal circumstances, IIG cohorts are formed with girls from the same school, but moving online meant that girls from across the globe can now interact to learn about personal finance and careers in finance. Our first online cohort consists of students from France, Massachusetts, Connecticut, New York, Maryland, and Delaware.

The girls come together each week to learn a lesson from IIG’s module “Becoming the CFO of your Life” – learning about budgets and saving goals. Volunteers from Natixis have joined to help teach the curriculum and in a few weeks a mix of senior executives and associates will come together to host a Role Model Exchange Day to talk further about their career paths.

Lea, a student participating in the virtual experience, noted: “I’m very appreciative of this new virtual learning opportunity because it has taught me to feel more confident in my money management skills as well as learning to prepare for my future!”

The Invest in Girls program and Natixis Investment Managers look forward to growing this partnership to provide more girls with the tools and resources to lead successful financial lives.

POSTED: June 10, 2020 | BY: Alan

Economists on the Economy with Loretta Mester, Cleveland Federal Reserve – June 17 @ 4PM

Please join the Council for Economic Education for a special live stream event:

ECONOMISTS ON THE ECONOMY


FEATURING

LORETTA J. MESTER
President and CEO Federal Reserve Bank of Cleveland

President Mester will be presenting her economic outlook and the Federal Reserve’s response to the crisis.

The presentation will be followed by Q and A.

Wednesday, June 17, 2020

4:00 – 5:00 PM EDT



ABOUT THE COUNCIL FOR ECONOMIC EDUCATION

The Council for Economic Education’s (CEE’s) mission is to equip K-12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities.

To learn more about CEE, please visit www.councilforeconed.org.

POSTED: June 5, 2020 | BY: Alan

A message of solidarity from CEE

Our team at CEE joins you in grief and shock at the brutal homicide of George Floyd. Yet another black man felled. I feel the same hollowness in my soul as I did when I first walked into Dachau or when I visited the genocide museum in Rwanda. And, no, we cannot just stand silent.
The Black community has felt the pain of COVID 19 so acutely in loss of life and jobs. And, now, another blow: one that tells them that their suffering continues unabated, unseen and unheard. One that tells them mercy never comes.

Our educators are feeling the pain of not being there for their students to comfort and create a safe place for them, to guide them in building meaningful pathways to move ahead. Over the next few weeks we will help teachers address these challenges. While this may seem outside our core subjects of economics and personal finance, we always seek to address the broader issues of equity, prejudice and reform and have done so through lessons such as The Economics of Jim Crow andThe Economics of Racial Discrimination. We are educators first and must support our colleagues in the profession now, especially the many we work with from communities feeling even more vulnerable.

We cannot stand by silently. We must and do stand in solidarity with the Black community. We do what we can and what we must. If just one teacher finds a way to comfort and inspire even one of her students as a result of something we do, then we have done our job as CEE. And we will continue to speak out for justice, fairness and equality for all of our citizens – that is our job as human beings.

Stay safe and strong,

Nan J Morrison
President and CEO
the Council for Economic Education (CEE)

“It is not your job to complete the task,
but neither can you desist from working at it.” (Ethics of the Fathers 2:16)

POSTED: June 5, 2020 | BY: Alan