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Fidelity’s partnership with Invest in Girls is changing lives

Post by Fidelity Investments, a sponsor of our 58th Annual Financial Literacy & Economic Education Conference.

Whether through Invest In Girls (IIG) workshops, which teach financial concepts to 10th, 11th and 12th grade girls, role model exchange which provides mentors from the finance and financial services sectors or industry exposure trips which offer experiential learning for girls, partnering with the Council for Economic Education has allowed Fidelity Investments to positively impact the lives of hundreds girls.

At Fidelity Investments we think differently about community. Our focus of helping people prepare for the lives they want to live goes beyond “one and done” volunteer activities and includes more than our customers. It is core to our commitment to financial literacy. We believe that when people have access to financial knowledge, they are more confident, can make better decisions and achieve better outcomes in their lives and the lives of their families.

We also believe in collaborating with best in class non-profits to make a difference for school-age children in the areas of education and financial literacy. Our relationship with Invest in Girls (IIG) through the Council for Economic Education (CEE), provides an opportunity to impact the future for young women both in careers in financial services and personal finances.

According to the Girl Scouts Research Institute, only 12 percent of girls feel comfortable making financial decisions making IIG’s mission to create the first generation of financially literate women and increase the numbers of women in finance critical.

Invest in Girls students visiting the Fidelity Investments offices on an industry trip.

Fidelity has been a long-time supporter and partner of the efforts to tackle the gender gap in financial literacy and the financial services industry, partnering with IIG in the Boston area since the group’s inception. In 2019 Fidelity joined CEE to introduce IIG to high school girls in Westlake, TX by hosting one day of a week-long summer camp focused on financial literacy and careers in finance.

Girls like Keyona Duncan. “I have never been a big fan of mathematics, but IIG changed that,” said Keyona. “What caught my interest the most, was actually interest. I learned that money could add upon itself—which is a good thing if you hold your money in a savings account long enough.”

Now a student at Quincy College, Keyona credits her participation in IIG with not only influencing her decision to major in accounting, but also impacting her confidence as a leader. “The fact that IIG was just for girls and taught by a woman made it a very comfortable learning environment for me. I don’t feel like I have to hold back as a female, because I’m in control of what I want to happen to me.”

The Invest in Girls program also connects Fidelity employees to meaningful volunteer opportunities in the areas of education and financial literacy.

Madeleine Mitchell volunteers throughout the school year sharing personal finance lessons and career insights, and as a member of Fidelity’s employee resource group, WLG – Women’s Leadership Group – is passionate about empowering women and girls to take control of their personal finances.

“Promoting financial literacy for women and introducing women to careers in financial services are extremely important and personal for me,” said Madeleine, director of fixed income trading and infrastructure products. “Many young women have the skills needed to excel in financial services but are not drawn to the profession because they think they won’t ‘fit in’ – a classic case of the imposter syndrome. I was one of these women in college, and it was only when I was introduced to women in financial services who would come to serve as role models for me that I started to see a path for myself in the industry. I’m passionate about helping other girls to have this same experience.”

Like Madeleine and CEE, Fidelity believes that every girl should feel financially empowered and changing the way girls think about money and careers in financial services is key in creating lasting change for the next generation. That’s why Fidelity is pleased to continue our partnership with CEE to identify additional regions to expand the IIG program.

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Fidelity Brokerage Services LLC, Member NYSE, SIPC , 900 Salem Street, Smithfield, RI 02917 Council for Economic Education is not affiliated with Fidelity Brokerage Services, member NYSE, SIPC or its affiliates.
Invest in Girls is not affiliated with Fidelity Brokerage Services, member NYSE, SIPC or its affiliates.

POSTED: October 28, 2019 | BY: Sponsored Content

Recap: 2019 Financial Literacy & Economic Education Conference (with photos)

Thanks to everyone who participated in our 58th Annual Financial Literacy & Economic Education Conference in Los Angeles! We had a wonderful time speaking with and learning from all of the educators, affiliates, exhibitors, and volunteers who attended. A special thanks is due to the California Council on Economic Education (CCEE) who hosted the event.

The Conference’s Teacher Days began on October 4 with an Opening Plenary. A keynote speech, delivered via video by US Securities and Exchange Commission (SEC) Chairman Jay Clayton, discussed the importance of international cooperation on strengthening trade and combating corruption. It was followed by a Q&A session with Lori Schock, the SEC’s Director of the Office of Investor Education and Advocacy, who discussed a number of the agency’s initiatives including Howeycoin, a phony cryptocurrency designed to promote fraud awareness.

Concurrent sessions and exhibits began after the Opening Plenary – see the full conference schedule here.

Sylvain Leduc, Executive Vice President and Director of Research at the San Francisco Federal Reserve, gave a talk at the Teacher’s Recognition Luncheon on the Fed’s policy strategies in response to the 2008 recession. Later, attendees were treated to a cocktail reception followed by a presentation of The Mysterious Case Files of Silver Cash, Money Detective, a play for fourth-graders by Wells Fargo.

We were pleased to present the John Morton Excellence in the Teaching of Economics Award to these two educators whose innovative teaching concepts improve and stimulate economic understanding in and out of their classrooms:

  • Julie Ingram, Florence Middle School, Mississippi
  • Amanda Stiglbauer, Blythewood High School, South Carolina

We also had the opportunity to honor members of our affiliate network with these accolades:

  • The Albert Beekhuis Award, recognizing an affiliate for their outstanding performance in working with teachers and exhibiting excellence in the delivery of high-quality programming:
    The Vigrinia Commonwealth University Center for Economic Education
  • The State Council of the Year Award, recognizing significant accomplishments, best practices, and outstanding services:
    The Nebraska Council on Economic Education

Please enjoy these photos from the event:

 


Conference exhibitors:

CEE would like to thank the sponsors of the 58th Annual Financial Literacy & Economic Education Confrence:

LEAD SPONSOR


PLATINUM SPONSOR


GOLD SPONSORS




TEACHER CHAMPION


AWARDS RECOGNITION LUNCHEON SPONSOR


LA COMMUTER TEACHER SPONSOR

LA COMMUTER TEACHER SCHOLARSHIP

POSTED: October 28, 2019 | BY: Alan Yaspan

New quiz on CNBC.com: Are you an insurance pro?

Are you financially prepared for a fire, a break-in, or an accident? How much do you REALLY know about insurance? We’re proud to have collaborated with CNBC on this quiz, all about insurance!


This quiz is a part of CNBC and Acorns’ financial literacy initiative Invest In You: Ready. Set. Grow.

Find the Spanish version, courtesy of Telemundo, here.

POSTED: October 1, 2019 | BY: Alan Yaspan

#econready contest results are in!

Our #econready contest has concluded! We asked K-12 teachers to show us how they will be incorporating economics and personal finance into their classrooms this year and to let us know which EconEdLink resource (lesson plan, video, or activity) complimented their work. We were thoroughly impressed by all the contest entrants!

The winners:
1.


2.


3.


4.


5.

Each of these entrants will be receiving a $200 credit at the CEE store.

Honorable mention:

We’d also like to thank Kevin Morgan, who has been on a roll sharing his economics and personal finance teaching on social media:

Thanks to everyone who participated or spread the word, as well as all the K-12 teachers across the country that are equipping their students with the tools and knowledge of economics and personal finance!

POSTED: October 1, 2019 | BY: Alan Yaspan

Show us your #EconReady classroom for a chance to win $200!

As the school year begins, the Council for Economic Education (CEE) wants to recognize those K-12 teachers of all subjects who are gearing up to equip their students with the tools and knowledge of personal finance and economics. Introducing students to the vocabulary of money helps them make better decisions for themselves, their families, and their communities. Whether you teach econ, government, English, math, social studies, or physical education, tell us how you’ve made your classroom #EconReady!

From August 28th until September 27th, we’ll be on social media sharing how teachers have prepped their classrooms to incorporate economics and personal finance.

The creators of the five posts who get the most likes/shares will receive a $200 credit for our online store (limit one prize per entrant)!

It’s easy to participate:

  1. Take a picture or video of your #EconReady classroom (Note: Please adhere to your school’s photo/video media release policies with regards to including photos of students).
  2. Post it on Twitter, Instagram, Facebook, or LinkedIn with the hashtag #EconReady, and tag @CouncilEconEd.
  3. Comment on your own post with a link to one of the resources from EconEdLink.org (a free lesson plan, a video, interactive, etc.).

For step 3 you can choose your own preferred EconEdLink resource or find one you like from this list:

Guidance/Counseling: How Will I Pay for College? (grades 9-12)
Math: Using Slope to Compute Opportunity Cost (grades 9-12)
Physical Education: The Economics of Professional Sports: If You Build It, Will They Come? (grades 9-12)
Economics: Sandwich Supply and Dessert Demand (grades 6-8)
English learning arts (ELA): “The Giver”: Jonas Makes a Choice (grades 6-8)
Global studies: The Civil War: A War of Resources (grades 6-8)
Science: Blowing in the Wind (grades 6-8)
Elementary: Competition Pizza (grades 3-5)
Elementary: Learning Economics with Minecraft: Choices, Costs and Benefits (grades 3-5)
Elementary: Bad Kitty Gets “Good” Goods and Services (grades K-2)
Elementary: Every Penny Counts (grades K-2)
Career and technical education: Understanding a Balance Sheet

Here’s an example:

We look forward to seeing (and sharing) your #EconReady classrooms!

*CEE reserves the right in its sole discretion to exclude any entries for consideration.

POSTED: August 27, 2019 | BY: Alan Yaspan

Our statement on the National Assessment of Educational Progress (NAEP)

The Council for Economic Education strongly disagrees with the National Assessment Governing Board‘s decision to eliminate the assessment of economics from the National Assessment of Educational Progress (NAEP). Economics has been assessed twice since 2006 and, while the gap between assessments has been greater than we would like, the findings have been important in helping to understand the state of economic education in the United States.

We encourage our community to voice its opposition to this decision, along with our statement below, to the following officials:
• Munira Mwalimu, Executive Officer for the National Assessment Governing Board: Munira.Mwalimu@ed.gov
• Your representative and senators: https://www.govtrack.us/



The Council for Economic Education (CEE), the nation’s leading non-profit supporting the teaching of K-12 economics, strongly objects to the recent decision by the National Assessment Governing Board (NAGB) to remove the National Assessment of Educational Progress (NAEP) in economics from its assessment schedule. This is a short-sighted decision that impairs our understanding in a critical subject area.

Our system of education in America invests billions of dollars each year helping our children master reading, writing and mathematics, which is essential. Yet we send them out into the world lacking the basic skills to prosper in life: an understanding of how to successfully navigate an increasingly complex economy, one where large-scale economic policy issues such as trade and labor-market shifts have profound small-scale implications for individual Americans. This lack of knowledge has potentially devastating ramifications. Americans currently carry more than $1.4 trillion in student debt; more than one-third of the population can be classified as financially fragile; and nearly 60% of Americans are living paycheck-to-paycheck.

Against this backdrop, the decision to cancel the NAEP in economics in 2022 is a clear signal that NAGB – and by extension the Department of Education, from where NAGB’s budget is derived – does not seem to think that these issues are priorities. Canceling the NAEP in economics is the equivalent of saying that the study of economics is not a worthwhile endeavor for our young people. Given the financial insecurity of many Americans, that is deeply troubling.

Gov. Beverly Purdue, chair of the Governing Board, noted in NAGB’s statement on the NAEP schedule, “We are ensuring that our students are assessed on the knowledge and skills they need to become successful citizens.” CEE could not disagree more. Without the knowledge and vocabulary of economics, students lack essential tools to create financial stability and opportunity for themselves and their families. And when families struggle, that has consequences for the communities where they live and for society as a whole. NAGB’s decision ensures that students are not assessed on the knowledge and skills they need to become participatory citizens.

NAGB’s announcement claimed that its decision was made in part to “create more actionable information.” In fact, the elimination of economics does the opposite, eliminating data collection from a core component – along with history, civics, and geography – of a complete social studies education. Incomplete information on social studies will not result in more actionable information, it will instead make less clear how to best proceed in ensuring students have the social studies education they deserve.

In light of this move by NAGB, CEE
• Urges NAGB to reconsider their decision, and to return the NAEP in economics to the 2022 schedule, as previously planned
• Encourages NAGB to put the NAEP in economics on a more regular and consistent schedule
• Urges Congress to increase funding for the Institute for Education Sciences (IES) so that appropriate resources can be put toward an assessment schedule that includes the full NAEP slate as originally planned, including testing economics in 2022

Absent these actions, NAGB, the Department of Education, and Congress will be short-changing America’s youth and America’s future.

Respectfully,

Nan J. Morrison
President and CEO
Council for Economic Education

POSTED: August 9, 2019 | BY: Alan Yaspan

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