Financial Literacy

Nothing is More Powerful than Teaching Financial Literacy

Darren Gurney Nothing is More Powerful than Teaching Financial Literacy By Darren Gurney, Economics Teacher, New Rochelle High School, New Rochelle, NY, 2014 Alfred P. Sloan Foundation Teaching Champion Awardee.

As an educator, nothing is more powerful than teaching financial literacy. Having taught a variety of social studies topics during the past 18 years as a teacher, I know that financial literacy is as valuable as any topic that students are exposed to in their schooling. Moreover, other than health education no subject is as “real world” applicable as exposing adolescents to personal financial issues.

DGURN 300x167 Nothing is More Powerful than Teaching Financial Literacy When students enter my classroom for the first time, it astonishes me how little they know about basic financial concepts. Balancing a checkbook, using credit cards, understanding mortgage rates, contributing to retirement accounts, stock/bond investing, using debit cards, opening savings accounts, applying for car loans, and other day-to-day financial areas are topics which students are not exposed to in their primary education. These are activities that all adults face in their daily lives. Why are children taught trigonometry, chemistry, and other concepts that are irrelevant to their existence? Perhaps our schools’ inability to evolve past our “liberal arts” educational goals or a dependence on our countries’ long standing subject areas, the content provided to our students and future citizens is nonsensical.

Why not create educational curriculums that focus on material which students of all educational abilities will utilize later in their lives? Schools should be focused on teaching skills, such as critical thinking, analytical, public speaking, writing, arithmetic, and communicating effectively with others (socialization). The content used to foster these skills is largely insignificant. But, in learning these skills it serves our nation best by introducing financial literacy concepts that our youth will deal with daily as they age and move through college and into their careers.

Most of all, students enjoy learning about financial literacy. Stock market investing competitions, studying entrepreneurs and small business topics, completing tax returns, studying mortgage rates and real estate prices, and analyzing state/federal taxation policies ultimately motivates students a great deal. Why should we force our children to battle through William Shakespeare’s writing or memorize terms like mitochondria or pi, when most Americans are financially illiterate? Maybe if we channel our energies in these areas, the typical US household will not be saddled with so much debt. In turn, our nation’s leaders may be able to do a better job of not growing our $17 trillion national debt.

POSTED: April 16, 2015 | BY: Daniel Thompson | TAGS: , , , ,

Financial Literacy Month Highlights

2014 financial literacy month Financial Literacy Month HighlightsApril is Financial Literacy Month, and it’s a great opportunity to reflect on both how far we’ve come, and what challenges remain in 2015. Over the past 12 months, four states—and counting—have adopted CEE’s National Standards for Financial Literacy. This follows a period of slow to no growth as shown in CEE’s 2014 Survey of the States, which found that a majority of states do not require that students receive education in economics or personal finance education. This increased momentum may signal that the tide has at last started to turn in the right direction.

For the next four weeks CEE and our affiliates will be conducting a full roster of events to shine a spotlight on the importance of economic and financial education.  Here are some of the highlights:

VP Financial Literacy Month HighlightsVantage Point: Real World Perspectives on the Economy
An insightful and engaging discussion with an esteemed panel of experts and leaders joined us for our second annual economic symposium. Featured speakers included Professor Greg Mankiw, who gave the keynote, and Esther George, President of the Kansas City Federal Reserve, with an Update from the Fed.


Higher One, Money Matters On Campus
CEO and President Nan J. Morrison participated on a panel conducted by Higher One, sharing the results of their Money Matters On Campus survey.

State Council Events
Meanwhile, our state council affiliates have been working diligently to promote financial literacy carrying out a host of activities: the Ohio Council for Economic Education welcomed Jeff Immelt, (CEO, General Electric) as keynote speaker at their 2015 Awards Luncheon; and in Rhode Island, students and guests including U.S. Congressman Jim Langevin and State Treasurer Seth Magaziner, kicked off the month with a “‘Financial Frenzy’ Forum.”

bedtime math e1428507502789 Financial Literacy Month HighlightsMoney Math Mondays
New this year we’ll be featuring Money Math Mondays throughout the month, a series of financial literacy-related math problems for parents and kids created by the founder of Bedtime Math.


CEE Blog Features Leaders Promoting Financial Literacy
We are excited to share perspectives from some of the leading voices in economics and personal finance. Guest bloggers include Sen. Patty Murray (D-WA), Congressman Steve Stivers (R-OH), Richard Cordray (Director, CFPB), David Wessel (Director, Hutchins Center on Fiscal and Monetary Policy, Brookings), Raymond W. McDaniel, Jr. (President and CEO, Moody’s) and Kelli Grant (Consumer Reporter, Be sure to tune in; we’ll be posting new articles every week!



POSTED: April 10, 2015 | BY: Annamarie Cerreta | TAGS: , , , , ,

CEE Report – Winter 2015

Three times a year the Council for Economic Education releases the CEE Report, highlighting our new and noteworthy events, programs and partnerships, including pilot programs and joint ventures with key supporters.

CEE REport Winter20151 CEE Report   Winter 2015

In This Issue

Upcoming Events
2014 Visionary Awards
Note from Nan
In the States: Colorado
Fulfilling the Mission: 2014 Highlights
2014 Update from Our State Councils
CEE Events and Activities
VP: Real World Perspectives on the Economy
2014 Donor Honor Roll
Board of Directors

POSTED: March 13, 2015 | BY: Daniel Thompson | TAGS: , , , ,

2014 Visionary Awards Fireside Chat

The Council for Economic Education hosted its 9th Annual Visionary Awards dinner last October. The dinner is an annual celebration honoring leaders who promote economic and financial literacy to create a better-informed society.

The Visionary Awards Honorees were:

  • Richard G. Ketchum, Chairman and Chief Executive Officer, FINRA;
  • Raymon W. McDaniel, Jr., President and Chief Executive officer, Moody’s Corporation;
  • Professor Christina D. Romer, Class of 1957 – Garff B. Wilson Professor of Economics, University of California, Berkeley;
  • David Wessel, Director of The Hutchins Center on Fiscal and Monetary Policy at The Brookings Institution and Contributing Correspondent to The Wall Street Journal.

Master of Ceremonies Steve Liesman, CNBC Senior Economics Reporter, led the night’s Fireside Chat covering such topics as the United States’ road to recovery, the broader role banks will have in the economy, and the public perception of President Obama’s handling of the economy.

POSTED: February 10, 2015 | BY: Daniel Thompson | TAGS: , , , , , ,

Teaching Opportunity – January 2015

download teaching opportunity january 2015 Teaching Opportunity   January 2015

In This Issue:

  • 2015 Call for Annual Conference Proposals
  • 2 New Math in the Real World Lessons Now Available
  • AP Micro and AP Macro Economics Bundle: Special Discount
  • Your Teaching Has An Impact!
  • 3 Demonstration Videos for HS Economics
  • This Day in Economic History

Read more…

POSTED: January 26, 2015 | BY: John Jones | TAGS: , , , , , , , , , , , , , , ,

A Look Back at the 2014 Annual Conference

The Council for Economic Education’s 2014 Annual Conference in Dallas, Texas was a rousing success with 475 educators attending the Conference. Attendees included instructors from eight countries, 200 new attendees, and 250 K-12 teachers from 34 states.

Conference goers were able to hear talks from top economists such as Richard W. Fisher and Alan B. Krueger. Fisher, the President and Chief Executive Officer at the Federal Reserve Bank of Dallas, spoke at the Teacher Recognition Luncheon on the importance of education and his perspective on the robust growth of regional economies. Later that day, Krueger, a Bendheim Professor of Economics and Public Affairs at the Wilson School at Princeton University, spoke to attendees about the financial crisis of 2008-09 through the lens of behavioral economics.

Read more…

POSTED: January 21, 2015 | BY: Daniel Thompson | TAGS: , , , , , ,

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