Financial Education

Is Your School Churning Out Best-Selling Engineers in Five Languages? Didn’t Think So.

April 28By Dan Kadlec, Author and Journalist.

In the era of Big Data, we can’t seem to tie our own shoes without first confirming the need through statistics. Yet some things are so big and so obvious we shouldn’t wait—like, say, stopping texting while driving or rebuilding our middle class.

Do we really need data to know that distracted drivers cause accidents? Isn’t it a given that a shrinking middle class is a drag on the economy? Financial education is like that too. Can anyone really argue against teaching money basics to kids who will come of age in a world with few financial safety nets? Read more…

POSTED: April 28, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , , , ,

It’s Always More than Just the Numbers

April 26By Alvin Hall, Author; Financial Educator; President of Cooperhall; Contributor on NPR’s “Tell Me More with Michel Martin.”

Being comfortable with numbers—understanding arithmetic and simple mathematics—is core to financial literacy. Learning the language of finance—learning the right terms and phrases—is not enough.  Your understanding needs to incorporate the underlying concepts, which are largely numerical in nature.

Much of basic financial literacy is about understanding simple numerical concepts both practically and abstractly. Read more…

POSTED: April 26, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , ,

Effective Financial Literacy: From Quality Programming to Advocacy

April 24By Oscar E. Cruz, President & CEO of Families in School.

Since 2000, Families In Schools (FIS) has provided information and resources to low-income and immigrant families on how to support their child’s education. Our work is driven by the belief that quality education continues to be the key to breaking the cycle of poverty and helping families reach their “American Dream.” A key component of our college awareness programs is helping families strengthen their financial habits to support their child’s college aspirations. In celebration of Financial Literacy Month, FIS would like to share key strategies we have found to be effective in working with low-income and immigrant communities regarding financial literacy: first, present financial literacy as a “tool” and not as the end goal; second, engage both students and their parents/guardians; and third, the methodology needs to be “asset-based.” Read more…

POSTED: April 24, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

Financial Literacy: Its Importance in the (Woman’s) Future

April 22

By Kathleen Brennan, 2013 Alfred P. Sloan Foundation Teaching Champion Award recipient.

It goes without saying that today’s females have career opportunities that weren’t available to them a century ago.  The statistics are impressive– according to the U.S. Bureau of Census, females make up 60% of college graduates and the Bureau of Labor Statistics reports that labor participation rates of females have increased from 32% in 1950 to about 57% in 2012. Women have come a long way. The good news is that women have made great strides in breaking the glass ceiling and closing the pay gap; the bad news is that they still lag well behind men in terms of financial literacy. Ignorance in financial matters is particularly concerning since women have unique financial challenges—while many women rely on their husbands “to handle the money”,  the reality is that 90% of women will be solely responsible for their finances at some point in their lives due to the death of a spouse or divorce (Gender Gap in Financial Literacy 2012). Clearly, a man cannot be a “financial plan”. Read more…

POSTED: April 22, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

Saving the Young: A Tale of Financial Literacy

April 19By Lihi Yusufov

For 16 years, I have had the privilege of being surrounded by financially literate people. My parents know how to handle their finances, and of course, make sure I do too.  My family carries an entrepreneurial spirit through owning a couple of businesses and starting their own ventures. Because of this, I gained a business perspective when venturing through life. I have worked in various fields and noticed that with every field comes a certain expectation of financial literacy. When I interned at a law office, I realized how pertinent finance was in this industry. Without financial mastery, the business would be incapable of sustaining itself. I became aware of this at an early age in my life. However, I noticed that many Americans still struggle with financial literacy. Read more…

POSTED: April 21, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , , , , ,

The Importance of Financial Education

April 18

By Senator Josh Stein, 16th District of North Carolina Senator.

Financial Literacy is critically important to the health of our nation and our state. If anyone ever doubted that statement, just consider our current economic situation.

We are in the midst of a slow recovery from the Great Recession created by the financial crisis, which was a result of financial markets that were out of whack and borrowers not understanding what they were getting themselves into. Read more…

POSTED: April 18, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , ,

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