Tennessee is one of only 14 states that require high school students to take a course in personal finance, according to CEE’s Survey of the States biennial report.
“Reality Check,” a program sponsored by the Chattanooga, TN Chamber of Commerce, teaches ninth-grade students how to budget their money. The Chattanooga Times Free Press documented the one-day exercise in an effort to bring attention to the need for financial literacy in high school. Read more…
CEE’s Survey of the States was once again utilized as the backbone of support for economic and financial education in our nation’s schools.
In last week’s USA TODAY, Sabina Bharwani and Carrie Sheffield encourage K-12 education in economics and personal finance to prevent the ever-climbing student debt from reaching uncontrollable proportions.
“Teaching personal finance, economics and business in schools is a fundamental task in our hypercompetitive world, yet too few of our schools are on board. In 2011, just 22 states required a high school course in economics and just 14 states required the offering of a course in personal finance, according to research from the Council for Economic Education (CEE). These classes offer a solid foundation for studying our ever-globalizing world and guidance on dealing with tempting credit card offers hitting students’ mail boxes at age 18.”
Read their full column here.
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.
“Too often, young people fall into financial trouble because they don’t take the time to understand basic economics or the ramifications of a financial agreement. Credit cards, car loans and home mortgages are great tools when used wisely, but the recent housing crisis is an example of what can go wrong when consumers make uninformed decisions. By supporting early and ongoing economic and financial literacy, we can help our young people secure a sound financial future.”
- Mel Martinez, Chairman of the Southeast & Latin America, JPMorgan Chase & Co. and Chairman, JPMorgan Chase Foundation, at the 2012 Visionary Awards
In This Issue
2012 Visionary Awards
Note from Nan
EconomicsPennsylvania Engages Students in Entrepreneurial Experiences
51st Annual Financial Literacy and Economic Education Conference
CEE Integrates Personal Finance Concepts into Classroom Curriculum
Never Too Young: Personal Finance for K–5 After-School
CEE ’s Advocacy Toolkit
Gen i Revolution Goes Mobile: CEE Partners with H&R Block
CEE Launches Interactive Survey of the States
Free Webinars for K–12 Educators
CEE Asked Students ‘What Should the Next President Do to Improve the Economy?’
CEE’s Survey of the States is often referenced in articles such as this one from MSN Money, ‘Why Teens Fail at Managing Money.’ Findings from the Survey show that over the last two years, economics and personal finance requirements to graduate high school are slowing and in some cases moving backwards.
Today’s student loan debt is more than the national credit card debt, and if students continue to graduate high school and college without financial literacy, both numbers could continue to climb exponentially.
Read the complete story here, and leave your comments below.
With each new year, we ponder the past and prepare for the future. Nan J. Morrison, President & CEO of CEE, looks ahead for our nation’s students in her latest blog post on Huffington Post Education, “To a Happier New Financial Year: Smart Decision-Making Begins in the Classroom.”
Read the full blog post here.