Personal Finance

New Resource! Personal Finance Printables for Grades K-5

Header New Resource! Personal Finance Printables for Grades K 5

We are excited to announce a new product in our store: Personal Finance Printables for Grades K-5. This is a great spiral bound resource for elementary teachers that contains one-page printable handouts reinforcing concepts such as saving, spending, needs, wants, budgets and more to complement in-class lessons or for students to bring the learning home.

The resource is organized by concept and grade level. You can easily select the activities to help even the youngest students acquire the tools to live a life of opportunity.

Purchase your copy today: www.councilforeconed.org/printables

Prices:

  • Hard copy: $12.99
  • eBook: $8.00
  • Hard copy + eBook: $15.00

 

POSTED: December 1, 2016 | BY: April Somboun | TAGS: , , , , , ,

11th Annual Visionary Awards

 

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Last night, the Council for Economic Education (CEE) held its 11thth Annual Visionary Awards dinner hosting over 300 guests at the Plaza Hotel in New York City. The evening showcased CEE’s mission, our impact to date, and honored leaders who promote economic and financial literacy. Emceed by CNBC’s senior economics reporter, Steve Liesman, the evening was a night of meaningful discussion and amiable conversation.

Four leaders who continue to advance our mission were honored with the Visionary Awards. The honorees were : Arianna Huffington, Founder of The Huffington Post and Founder and CEO of Thrive Global; Richard Edelman, President and CEO of Edelman; Frank Bisignano, Chief Executive Officer and Chairman of the Board of First Data Corporation; and Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics at Columbia Business School.

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During the evening, attendees enjoyed a thought-provoking and entertaining fireside chat with the honorees moderated by Steve Liesman. The fireside chat addressed current topics such as the upcoming presidential election and income inequality. Most importantly, each individual provided their thoughts on how we as a country can provide our children with the resources and knowledge to realize their full potential and live lives of opportunity.

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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: Theresa Fisher, Ridgefield High School, Ridgefield, CT; Jonathan Joseph, White Plains High School, White Plains, NY; and Gloria Schneider, SAR High School, Bronx, NY.

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During the program, Steve also got everyone on their feet to test their economic smarts with questions for high school students from CEE’s National Economics Challenge. Answers were on the honor system, but at the end each guest understood how important these economic questions are to understanding and thriving in this complex and competitive world.

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The evening raised a record $800,000 to support CEE’s programs and help us reach our goal to reach and teach every child in the United States to create a more informed citizenry capable of making better decisions as savers, investors, borrowers, voters, and participants in the global economy.

We would also like to thank those who attended, and to thank our sponsors who helped make this amazing event happen!

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POSTED: October 27, 2016 | BY: April Somboun | TAGS: , , , , , , , , , ,

The Students Have Spoken: Vote for Your Favorite Economic Advice!

We asked students nationwide, “What economic advice would they give the next U.S. president?” and we received hundreds of creative and fun video entries. The topics ranged from increasing human capital, helping the homeless, cutting the military budget, free college tuition and more!

VOTE FOR YOUR FAVORITE VIDEOS!

Voting period ends October 7 at 11:59 p.m. ET.

Capture The Students Have Spoken: Vote for Your Favorite Economic Advice!

POSTED: October 3, 2016 | BY: April Somboun | TAGS: , , , , , , , , , , ,

New FINRA Study Shows The Need For More Personal Finance Education In Our Schools

FINRA Investor Education Foundation released its 2016 National Financial Capability Study (NFCS) and its findings show that while most Americans are growing more financially capable, there are still millions who struggle with making ends meet – particularly women, millennials, African-Americans, Hispanics, and those lacking a high school education. These findings are drawn from studies that go back to 2009 when the first survey was conducted. Subsequent surveys were conducted in 2012 and 2015.

Among the study’s most significant findings:

  • 56% of respondents with financially dependent children said that they have not set aside money for their children’s college education.
  • Hispanics and African-Americans are much more likely to use high-cost forms of borrowing like pawn shops and payday loans compared to whites—39 percent for African-Americans, 34 percent for Hispanics and 21 percent for whites; and
  • Only 37 percent of respondents are considered to have high financial literacy, meaning they could answer four or more questions on a five-question financial literacy quiz—down from 39 percent in 2012 and 42 percent in 2009.

Based on these findings, it is clear that CEE’s mission is crucial in closing the gap between those who are financially capable and those who are not. To learn more about how you can make a difference in your local community or state, visit our Survey of the States page and take action to help us ensure every student in the U.S. receives a personal finance education.

The survey’s full data set, methodology and related questionnaire are available at USFinancialCapability.org.

POSTED: July 15, 2016 | BY: Daniel Thompson | TAGS: , , , , ,

Post Campaign Round Up: #MySavingsStory

 

Natalie Zfat Headshot 1 300x300 Post Campaign Round Up: #MySavingsStoryLast month was Financial Literacy Month and we teamed up with social media entrepreneur, Natalie Zfat on the #MySavingsStory video campaign.

Throughout the entire month of April, we shared personal video stories from writers, artists and economists to inform and inspire kids to understand and take control of their financial lives.

We received savings advice from fashion designer Elie Tahari, best-selling author of Diary of A Wimpy KidJeff Kinney, entrepreneur Rosie Pope, President of the Richmond Fed, Jeffrey Lacker and others who shared what they’ve learned about the importance of financial literacy and saving.

Read Natalie’s post about the campaign and make sure to check out the compilation video with all the great advice!

POSTED: May 13, 2016 | BY: April Somboun | TAGS: , , , , , , ,

Graduating From Test Scores to Credit Scores

DSC6347Brian Page 8x10 hi res for print 150x150 Graduating From Test Scores to Credit Scores

Written by: Brian Page, Chair, Council for Economic Education Teacher Advisory Council

Later this spring, high schools across the country will be graduating students from a world of test scores to a world of credit scores. Many teens will unknowingly be making decisions that will impact them in the decade to come. Yet most lawmakers have fallen short of respecting personal finance as a dedicated subject worthy of stand alone classes required for graduation, taught by teachers trained to teach it well. It’s time we work together to advocate on behalf of high school students to prepare them for the real world.

High school science, math and language arts teachers receive content specific instruction in college, and are required to pass content specific tests to earn teacher certification. Personal finance… not so much. Often times when mandates are passed, they require the integration of personal finance into other coursework. The mandate is often dumped into the laps of teachers who have never been trained to teach personal finance.

A FINRA Investor Education Foundation-funded study, State Financial Education Mandates: It’s All in the Implementation, examined the effectiveness of state mandates on financial education for high-school students. The study noted that if a rigorous financial education program is carefully implemented, it can improve the credit scores and lower the probability of credit delinquency for young adults. In other words, we need to train our teachers, require semester courses devoted to personal finance, and use hands on teaching methods that focus on relevant content.

NCLB aside, our country has historically been a locally controlled education system. This changed following the financial collapse in 2008. Somehow a banking collapse led to education “reform”, and schools were faced with a multitude of new evaluation systems and testing requirements. Subsequently, schools and lawmakers now seem to lack the appetite to pass further education mandates. This should not preclude us from trying, using a common sense approach that does not further burden our schools. I’m confident that if asked, parents and teens would be much happier about recent reform efforts if standardized test scores were a little less important, and helping them build their own credit scores were a little more important.

POSTED: April 7, 2016 | BY: April Somboun | TAGS: , , , , , , , , , ,

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