Financial Education

Economic Outlook from the Boardroom – Perspectives from Women of the Board

On May 13, CEE held another exciting discussion in the Vantage Point series, covering the Economic Outlook from the Boardroom: Perspectives from Women of the Board. Held over breakfast at the Harvard Club of New York, an esteemed panel of leaders shared their insight and their own personal experience while discussing the challenges of women in the boardroom and beyond.

CEE’s CEO and President Nan J. Morrison opened the program, while Ellen Hughes-Cromwick, Director and Chief Economist of the Ford Motor Company, moderated the panel.

WomensBreakfast 300x225 Economic Outlook from the Boardroom   Perspectives from Women of the Board

From Left to Right: Ellen Hughes-Cromwick, Mellody Hobson, Mary Schapiro, Nan Morrison, and Cathy Minehan.

The Hon. Mary Schapiro, 29th Chairman of the SEC, Former Chairman and CEO of FINRA, and a 2008 CEE Visionary Award winner, presented first, noting that only 18% of corporate board seats are held by women—and yet, when women make up a larger percentage of a board, it’s more likely to see a higher return on capital and sales.

Mellody Hobson, President of Ariel Investments, followed up by addressing the importance of both gender and racial diversity, and how it creates real value for companies.

Rounding out the panel, Ms. Cathy Minehan discussed some of the ways that gender disparity is being addressed, like the 2020 Women on Boards, an initiative to increase the percentage of women serving on corporate boards.

One of the most important initiatives to bridging the inequality gap is early financial education. And given our mission here at CEE, to promote financial and economic literacy in K-12 students, we couldn’t agree more.

POSTED: May 30, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

Delaware fosters discussion on Economic and Personal Finance Education

In an effort to bring attention to the continued need for personal finance education in K-12 programming, over 80 industry, government and education leaders gathered on May 5 to discuss the state of economic and personal finance education in Delaware and how they are working together to improve the economic and financial literacy of young people.

ceee1 300x200 Delaware fosters discussion on Economic and Personal Finance Education

Delaware Govenor Jack Markell.

The program, held earlier this month at the Hotel du Pont, was the first of four regional events hosted by the national Council for Economic Education (CEE) and its local affiliate, the Delaware Council on Economic Education (DCEE), and sponsored by Capital One.

Highlighted during the event was the progress already being made through the strong partnership forged with the University of Delaware’s Center for Economic Education and Entrepreneurship (CEEE).

“An overwhelming majority of Americans, when hit with an emergency, would have less than two weeks of reserve on which to live and a huge number of people would be out on the streets,” said Gov. Jack Markell, a longtime advocate committed to financial education, in his keynote address. “So, unfortunately, most kids don’t know about money because they’re not learning about it at home.” Read more…

POSTED: May 29, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , , , , ,

Helping Americans Build Financial Knowledge

April 30 Helping Americans Build Financial KnowledgeBy Richard G. Ketchum, CEO of Financial Industry Regulatory Authority (FINRA); Chairman of the FINRA Investor Education Foundation.

In the face of a rapidly evolving economy and financial marketplace, it’s vital that Americans have the tools and the knowledge to make good decisions about money. We at the FINRA Investor Education Foundation are committed to helping Americans build their financial knowledge. One of the ways we’re doing this is through the FINRA Foundation’s National Financial Capability Study (NFCS), which was most recently conducted in 2012. Read more…

POSTED: April 30, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

The Risk of Financial Illiteracy

April 29 The Risk of Financial Illiteracy

By Neil Johanning, Treasurer for New York State PTA.

Background – Where we are, the issue of financial illiteracy

There is considerable evidence that financial illiteracy has reached record proportions. Financial illiteracy has contributed significantly to a lower standard of living in general for many Americans. Financial illiteracy can result in poor saving, poor spending, excessive credit card use, and bad investment decisions. The stress of financial insecurity in families can lead to divorce, suicide, domestic violence and other crimes. Read more…

POSTED: April 29, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

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

April 28 Is Your School Churning Out Best Selling Engineers in Five Languages? Didn’t Think So.By 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 26 It’s Always More than Just the NumbersBy 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: , , , , , , , , ,

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