paypal

A Call to Business Leaders

By: DAN SCHULMAN, President & CEO, PayPal 

PayPal is committed to democratizing financial services to enable all people to join and thrive in the digital economy. Whether here in the US or around the world, we believe everyone should have access to the affordable, convenient and secure financial products and services they need to improve their financial health, support their families, contribute to their communities, and invest in their futures.

But access is only part of the equation – another critical part is education. Economic and financial literacy is a foundational element to achieving financial health and needs to be included in early education programs. We have seen firsthand that improving the financial health of individuals has powerful ripple effects across families, communities, companies, and economies. And that process starts in the classroom.

Financial inclusion and financial health are problems that we can solve in our lifetimes if we truly understand the causes and challenges, and commit to partnering across the ecosystem to fix the gaps that exist in the traditional financial system. We can make a difference by forming deeper bonds between the public, private, and social sectors to develop new curriculum and educational models that foster and encourage financial literacy and understanding from an early age.

This op-ed was published in the Council for Economic Education’s 2018 Survey of the States.

POSTED: February 13, 2018 | BY: Daniel Thompson | TAGS: , , , , , , , , , , , , , , ,

12th Annual Visionary Awards a Success!

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Last Wednesday, the Council for Economic Education (CEE) held its 12th Annual Visionary Awards dinner at The Plaza Hotel in New York City. During the course of the evening, we showcased our mission, demonstrated our impact, and honored leaders who promote economic and financial literacy to create a better-informed society. Emceed by CNBC’s Senior Economics Reporter, Steve Liesman, the dinner was filled with meaningful discussion about the state of economic and financial literacy education in our country.

The three Visionary Awards recipients are: Gregory Mankiw, Robert M. Beren Professor of Economics at Harvard University; Michael A. Peterson, President and CEO of Peter G. Peterson Foundation; and Daniel H. Schulman, President and CEO of PayPal. The honorees engaged in a thought-provoking “fire-side chat”, where they discussed several economic and financial literacy issues including the future of electronic commerce, our national debt, and the debt that many families currently find themselves in.

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CEE also honored three exemplary New York Metropolitan area teachers with the Alfred P. Sloan Teaching Champion Awards for their excellence in economic education. These teachers continually deliver this important content in and out of their classrooms and achieve results. This year’s winning teachers are: Doug Kramer, 12th Grade Economics, AP Economics, World History, and Government at Herricks High School; Theodore Opderbeck, 10-12th Grade AP Economics, Honors Economics, Principles of Economics and Personal Finance, US History, Criminal Procedure, and Introduction to Law at Waldwick High School; and Gabriel Tanglao, 10-11th Grade AP US History, and US History I Honors at Bergen County Technical Schools, Teterboro Campus.

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The evening was a great success raising close to $600,000. Funding supports our mission, helping us to continue on the path of our digital transformation with EconEdLink; expand our reach through our National Center for Financial and Economic Education and Master Teacher Program; and support our National Economics Challenge, Personal Finance Challenge, K-5 Afterschool Program, and so many other things.

POSTED: October 30, 2017 | BY: Daniel Thompson | TAGS: , , , , , , ,

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