Council for Economic Education’s 2014 Survey of the States Reveals Slow to No Growth
NEW YORK, NY February 12, 2014 – A majority of the public school students in the United States still are not exposed to economics or personal finance education despite the lessons of the recent recession, a new survey shows. Read more…
In This Issue:
- The State of K-12 Economic and Financial Education in the U.S.
- CEE Now Accepting Proposals for 53rd Annual Conference
- Mobile Phones Matter
- Economist Spotlight: Interview with Alan B. Krueger
- Gen i Revolution – Finance Fun for Brooklyn Tech Students
- This Day in History
- How to Get Involved in your State’s Economics Challenge
Overwhelming Majority of Americans Believe Financial Literacy Should be Taught in Schools
The FINRA Investor Education Foundation (FINRA Foundation) released the results of America’s State-by-State Financial Capability Survey. The survey findings are available at www.usfinancialcapability.org, which features an interactive map of the United States, and allows the public, policymakers and researchers to delve into and compare the financial capabilities of Americans across all 50 states and the nation as a whole.
The 2012 Survey asked respondents whether they thought financial education should be taught in schools. An overwhelming majority (89%) of respondents said yes, indicating strong support for increased school based financial education. As of June 2013, only 16 states require that some sort of personal finance education be offered in high schools and only 15 states require that course for graduation. The Council for Economic Education is working with state affiliates to increase these numbers so that more students have exposure to this important topic as part of the required curriculum. Read more…
The Philadelphia Inquirer recently highlighted top organizations that are leading the way when it comes to teaching our nation’s children about personal finance, despite the experts that imply the country is not doing a good job teaching financial literacy skills.
CEE, The Federal Reserve Bank of Philadelphia and the President’s Advisory Council on Financial Capability’s Money as Your Grow website were highlighted for their proactive approaches to improving financial literacy among the youth.
Read the full article here.
By Jeff Atwater, Chief Financial Officer, Florida Department of Financial Services.
As I reflect on today’s economy, I can’t help but think about how dramatically the cost of living has changed in the past 20 years. In the 1990s, we were paying roughly $2.15 for a gallon of milk and $1.09 for a gallon of gas. Within the last couple of decades, the cost of these items and many other daily staples has dramatically increased.
Our national leaders are struggling to balance the nation’s budget, just as many Americans struggle to balance their household budgets. We live in an economic time when money is short and everyone is trying to find a way to do more with less. Read more…