Survey of the States

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: , , , , ,

CEE Report – Fall 2014

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.

download cee report fa14 CEE Report   Fall 2014

In This Issue

Note from Nan
CEE 2014 Survey of the States and OECD’s PISA Results in The Headlines
Florida First to Adopt National Financial Education Standards
CEE’s Young Executive Council
2014 Visionary Awards Dinner
Vantage Point: Real World Perspectives on the Economy

POSTED: September 19, 2014 | BY: Daniel Thompson | TAGS: , , , ,

CEE in the News: PISA Results Spark Media Dialogue

PISA 2012 Results CEE in the News: PISA Results Spark Media Dialogue

This summer, the OECD released the results of the Program for International Student Assessment (PISA) exam in financial literacy, administered to 15-year-olds in 18 countries including the US.  As we previously reported in CEE In The News: US Teens Fall Behind in International Financial Literacy Exam, the results were somewhat underwhelming, with American students placing in the middle of the pack.  But encouragingly, the data has sparked an ongoing dialogue in the media, and continues to promote a national conversation.

Many of these articles have cited the Council for Economic Education’s Survey of the States in support of financial literacy; here are a few of the highlights:

POSTED: September 16, 2014 | BY: Daniel Thompson | TAGS: , , , , , ,

CEE in the News: NBC’s Back-to-School Money Lessons Cite Survey of the States

In NBC’s ToSharon Epperson CEE in the News: NBCs Back to School Money Lessons Cite Survey of the Statesday Online, reporter Sharon Epperson shares some great tips for teaching your kids about money just in time for the new school year — plus a great shout-out to CEE, citing the Survey of the States! Click here to read the full article.

This article was also seen in USA Today.

POSTED: August 18, 2014 | BY: Annamarie Cerreta | TAGS: , , , ,

CEE Board Member, Annamaria Lusardi, Integral on PISA Results

2013 conference speaker annamaria lusardi CEE Board Member, Annamaria Lusardi, Integral on PISA ResultsLast month, the OECD Programme for International Student Assessment (PISA) presented the highly anticipated results of a worldwide study on financial literacy education, thanks in large part to the efforts of CEE Board Member Annamaria Lusardi. PISA tested 15-year-old students from 18 countries, comparing financial literacy performance on a global scale to help identify effective national strategies and best practices. Click here to see presentation and discussion of its key findings.

Despite modest progress in implementing financial education over the past few years, American students performed squarely in the middle of the pack, far behind nations like China and and Belgium. But on the bright side, these results have helped shine a spotlight on the need for improvement: Associated Press and others have cited data from the Survey of the States as an important indicator and benchmark for progress. Click here to view some of the highlights.

POSTED: August 6, 2014 | BY: Daniel Thompson | TAGS: , , , , ,

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