Personal Finance

KeyBank Foundation Gives Back to New York-Metro Teachers

KeyBank Foundation has donated $7,500 to the Council for Economic Education’s New York Center for Economic and Financial Education in support of K-12 financial and economic education in New York-Metro area schools.

The donation will provide professional development opportunities for New York teachers through two in-person workshops and two webinars. The Center will train 130 to 140 teachers who will, in turn, reach approximately 8,600 to 9,600 students. The teachers will receive Continuing Teacher and Leader Education (CTLE) credits for participation in these workshops.

“At KeyBank, we believe it’s never too early to introduce smart money management skills to young people, and help establish a foundation for Financial Wellness,” said KeyBank Market President Joseph Markey. “Giving teachers the skills and knowledge to bring financial literacy into the classroom is a great way to do this, and we are proud to support the initiative.”

KeyBank Foundation’s mission is to support organizations that prepare individuals such as teachers for thriving futures. This grant ties into their mission to support the workforce with the necessary skills, education and capabilities to further advance their professional careers and the futures of the children they serve.

“Currently, only 17 states require high school students to take a course in personal finance and only 20 states require high school students to take a course in economics,” said Nan J. Morrison, President and CEO, Council for Economic Education. “Even in states where requirements and standards are strong, very few teachers feel comfortable teaching financial topics. With KeyBank Foundation’s support, we are able to help close the knowledge gap.”

KeyBank Foundation, the nonprofit charitable foundation of KeyBank, serves to fulfill KeyBank’s purpose to help clients and communities thrive by providing meaningful philanthropic investments that transform lives. The Foundation’s mission is advanced through three funding priorities – neighbors, education, and workforce – and through community service.

KeyBank has 54 branch offices serving individuals, families and businesses throughout its Hudson Valley/Metro NY market.

Representatives from KeyBank will be presenting the check on May 7th at 2 pm at KeyBank’s Tarrytown, NY office.

Further information:

To learn more about KeyBank Foundation’s mission, please visit: https://www.key.com/about/community/key-foundation-philanthropy-banking.jsp

Media and partnership inquiries, please contact April Somboun, Council for Economic Education, Director, Marketing & Communications, 212-730-6727.

POSTED: April 30, 2018 | BY: Daniel Thompson | TAGS: , , , , , , , , , , , ,

Exciting new partnership: CEE & Kidfund

We are excited to announce we have teamed up with Kidfund to make it easier for families to save for their children’s future and college tuition. Kidfund is a socially powered savings app that lets families and friends contribute to the child’s account. The app engages the child in the process so they can understand the power of saving and watch their money grow.

This partnership is a natural extension of CEE’s mission to provide children with the knowledge and tools to create financial stability for themselves and their families. As a result of the CEE and Kidfund partnership, CEE will receive $10 for each new family that opens an account and starts to save to support its mission.

We hope you’ll sign up for your child’s free account today and/or pass along this information to others who you think can benefit from this. And, for a limited time only, families new to Kidfund will receive $5 when they sign up and start saving. The funds are held securely in individual accounts at USALLIANCE Financial. The accounts are completely free (no fee, no minimums), earn 3% interest on the first $500, and are FDIC insured up to $250,000.

To  learn more about the partnership and how to download the Kidfund app, please visit: https://www.kidfund.us/cee-partnership

 

 

POSTED: April 23, 2018 | BY: Daniel Thompson | TAGS: , , , , , , , , , , , , , , , , , , , ,

Cardrates.com shines the spotlight on our mission and impact

While standardized tests in our nation’s schools address the topics that we would most expect – math concepts, reading comprehension – what they fail to cover are the real-world skills that students need to be successful after graduation.

This is where the Council for Economic Education (CEE) comes in.

Since its creation just after World War II, CEE’s mission has been to equip K-12 teachers with the tools they need to create a strong financial education foundation for their students. “We provide professional development and resources for teachers,” said Nan Morrison, President and CEO of CEE. “The resources range from lesson plans for the classroom, interactive activities, games, an assessment center, and videos.”  Most of these resources you can find on CEE’s online teacher portal, EconEdLink, which accrues over 1.2 million sessions each year, or you’ll find them in one of CEE’s in-person professional development workshops.

Whether its through EconEdLink, or in-person professional development workshops, webinars or student competitions, CEE has the resources to meet teachers where they are with what they need.

Read CardRates.com full blog post about our impact to date and the programs we offer >>>

POSTED: March 5, 2018 | BY: Daniel Thompson | TAGS: , , , , , , , , , , , , , , ,

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: , , , , , , , , , , , , , , ,

2018 Survey of the States Reveals Slow to No Growth in K-12 Personal Finance and Economic Education

Now in Its 20th Year, Council for Economic Education Study Highlights Wide Gaps in Financial and Economic Education Throughout U.S. States

 

A 2017 study from the American Psychological Association reveals that money is the second leading source of stress in the United States, and the National Institute of Mental Health estimates that 40 million Americans suffer from anxiety, which financial woes can easily trigger. Yet, according to Council for Economic Education’s (CEE) 2018 Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools, financial independence may be out of reach for many because K-12 students are not receiving adequate tools and training to make informed financial decisions; only one-third of the U.S. states require high school students to take a course in personal finance, while less than half require them to take a course in economics before graduating.

Now in its 20th year, Survey of the States findings indicate that progress has been achieved, yet gains have slowed in recent years. CEE will unveil the full results at an event today at George Washington University in Washington, D.C.

Research shows that students in states that require financial education have higher credit scores as well as more responsible spending habits and are less prone to compulsive shopping, reducing their financial risk greatly. However, 2018 Survey of the States findings reveal:

  • The number of states that require high school students to take a course in personal finance (17) has not changed over the past four years.
  • Since 2016, there been no change in the number of states which include personal finance in their K-12 standards and require those standards to be taught.
  • 22 states require high school students to take a course in economics—less than half the country but two more states than in 2016.
  • There has been no change in the number of states that require standardized testing of economic concepts since 2014.

“When we initiated this survey in 1998, only one state required enrollment in a personal finance course while 13 required enrollment in an economics class, so clearly we’ve made some gains. Michigan, Georgia, Utah and Texas are leading the way by requiring personal finance and economics courses to be offered and taken, as well as by implementing state standards and standardized testing,” said Nan J. Morrison, President and CEO of the Council for Economic Education. “However, the majority of U.S. states are failing our students by declining to offer these fundamental courses which are critical to their financial stability and security later in life.”

CEE conducts The Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools every two years. The report collects data from all 50 states and the District of Columbia, and includes commentary from experts and educators in the field to provide a comprehensive look into the state of K-12 economic and financial education in the United States.

The 2018 Survey of the States is available for download at: www.councilforeconed.org/surveyofthestates 

About the Council for Economic Education

The Council for Economic Education (CEE) is the leading non-profit organization in the United States that focuses on the economic and financial education of students from kindergarten through high school—and we have been doing so for nearly 70 years. We carry out our mission by educating the educators: providing the curriculum tools, the pedagogical support, and the community of peers that instruct, inspire, and guide. All resources and programs are developed by educators, and delivered by our national network of affiliates. Our goal is to reach and teach every child. Each year CEE’s programs reach more than 55,000 K-12 teachers and over 5 million students across the United States. EconEdLink – our free, online educator gateway for economic and personal finance lessons and resources – attracts more than 1 million unique visitors annually.

Media Contacts:  

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

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

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POSTED: February 8, 2018 | BY: Daniel Thompson | TAGS: , , , , , , , , , , , ,

“Your support is making a difference” — Teacher Gabriel Tanglao


Gabriel Tanglao headshotHi, my name is Gabriel Tanglao, and I am the proud recipient of the 2017 Alfred P. Sloan Foundation Teaching Champion Award presented by the Council for Economic Education (CEE) for excellence in promoting economic education.

I believe economics education is a vital stepping stone in the climb toward the American Dream. Our role as economics educators is to help these students move to higher ground.

By supporting CEE, you are helping to provide teachers, like me, with the tools and resources that we need to teach our kids about economics and personal finance, so that they can make better decisions for themselves, their family, their communities, and the country.

Please join me in supporting CEE by making a gift today.

Sincerely,

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Gabriel Tanglao
10-11th Grade Teacher
Bergen County Technical Schools, Teterboro

POSTED: December 14, 2017 | BY: Daniel Thompson | TAGS: , , , , , , ,

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