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Tennessee Financial Literacy Commission receives $15,000 grant from Dollar General Literacy Foundation

Dollar General Foundation Grant to Help Support Tennessee Financial Literacy Commission’s Mission

The Tennessee Financial Literacy Commission received a $15,000 grant from the Dollar General Literacy Foundation this month to support the Commission’s mission of increasing Tennesseans’ knowledge of money management and related issues. Read more…

POSTED: May 29, 2013 | BY: admin | TAGS: , , , ,

The Cost of Financial Illiteracy

Barbara ONeillBy Barbara O’Neill, Extension Specialist in Financial Resource Management, Rutgers Cooperative Extension.

The phrase “financial illiteracy” describes the widespread inability of many Americans to understand key financial concepts and manage their personal finances wisely. It is costly to both individuals and society. The total price tag can be tallied in many ways: Forgone savings and investment opportunities, lives shattered by financial loss or bankruptcy, higher prices than necessary paid for goods and services, dreams and aspirations that go unfulfilled, and marital discord about money. The collective loss in dollars resulting from common financial errors just has to be tremendous. Read more…

POSTED: April 12, 2013 | BY: admin | TAGS: , , , , ,

Council for Economic Education Provides New Personal Finance Curriculum For Chicago Public Schools

Chicago Public Schools (CPS) has just announced plans to implement a new Financial Literacy Framework to build financial skills at the K-11 level, along with a dedicated personal finance course for 12th-graders created by the Council for Economic Education (CEE). This initiative is the result of a 4-year partnership with CEE and other leaders in finance and financial education, and will provide students with the necessary real-world skills to navigate today’s financial landscape.  This announcement was formally made at last week’s White House Summit on Financial Literacy, where CEE and the school system were recognized for their ongoing efforts to prioritize financial education in our nation’s schools.

CPS’ 12th grade personal finance course is designed to culminate the K-11 skills taught by the Financial Literacy Framework. The one-semester course will use curriculum provided by the CEE, offering seniors both an academic challenge and an education in the real life lessons they need beyond graduation. The capstone course will be introduced to approximately 25 schools in spring 2013, and is expected to reach all district high schools by 2016. Funding by a $1 million grant, courtesy of Discover Financial Services, will also include training for 250 teachers over the next three years.

“We couldn’t be more excited to be part of this important endeavor by Chicago Public Schools,” said Nan J. Morrison, President and CEO of CEE.  “Our graduating seniors are entering college and the workforce woefully unprepared for the real-life financial challenges ahead of them. By providing them with the financial education they need, we hope to change that.”

Additional partners in the development of the Financial Literacy Framework include: Ariel Investments, Econ Illinois and the University of Illinois at Chicago Center for Economic Education, Network for Teaching Entrepreneurship (NFTE), Federal Reserve Bank of Chicago, JP Morgan Chase, National Endowment for Financial Education, CME Group Foundation (Chicago Mercantile Exchange), Chicago Community Trust, Junior Achievement (JA), Illinois State Treasurer’s Office, City Treasurer’s Office, EverFi and the Economic Awareness Council. Money Savvy Generation, CARE, Girl Scouts of America/ Journey World, Illinois Credit Union League and Sargent Shriver National Center on Poverty Law.

About the Council for Economic Education

The Council for Economic Education is the leading organization in the United States that focuses on the economic and financial education of students from kindergarten through high school. CEE trains educators to teach young people the fourth “R”—a real-world understanding of economics and personal finance—so that they will be able to make informed and responsible choices throughout their lives as consumers, savers, investors, citizens and participants in the global economy. Each year CEE’s programs reach more than 55,000 teachers and approximately 5 million students.

POSTED: May 23, 2012 | BY: admin | TAGS: , , , , ,

Discover Makes 5-Year, $10 Million Investment to Get Financial Education into Schools

Riverwoods, IL. — Feb. 8, 2012 — Discover Financial Services announced today that it is making a five-year, $10 million investment to get financial education curriculum into public high schools across the country.

Through its new program, Pathway to Financial Success, Discover is providing grants to high schools to cover the cost of implementing a personal finance course, giving them access to a standards-based curriculum and offering teachers the training they need to deliver it. Read more…

POSTED: February 8, 2012 | BY: CEE Staff | TAGS: , ,

Department of Education Recognizes the Importance of Economic Education

NEW YORK, July 28, 2010 – The Council for Economic Education announced the continuation of funding through the Excellence in Economic Education (EEE) Program for the seventh consecutive year.

Since 2004, the U.S. Department of Education, Office of Innovation and Improvement has designated the Council as the lead grant recipient for the competitive EEE grant Program. Annually, the Department of Education distributes approximately $1.5 million in support of the Program’s objectives at the K-12 grade levels.In turn, through a competitive process, the Council distributes funds to qualified educational organizations in an effort to strengthen and increase both teacher’s and student’s knowledge of economics.

Read more…

POSTED: July 28, 2010 | BY: CEE Staff | TAGS: ,