Teaching

Is Your School Churning Out Best-Selling Engineers in Five Languages? Didn’t Think So.

April 28 Is Your School Churning Out Best Selling Engineers in Five Languages? Didn’t Think So.By Dan Kadlec, Author and Journalist.

In the era of Big Data, we can’t seem to tie our own shoes without first confirming the need through statistics. Yet some things are so big and so obvious we shouldn’t wait—like, say, stopping texting while driving or rebuilding our middle class.

Do we really need data to know that distracted drivers cause accidents? Isn’t it a given that a shrinking middle class is a drag on the economy? Financial education is like that too. Can anyone really argue against teaching money basics to kids who will come of age in a world with few financial safety nets? Read more…

POSTED: April 28, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , , , ,

It’s Always More than Just the Numbers

April 26 It’s Always More than Just the NumbersBy Alvin Hall, Author; Financial Educator; President of Cooperhall; Contributor on NPR’s “Tell Me More with Michel Martin.”

Being comfortable with numbers—understanding arithmetic and simple mathematics—is core to financial literacy. Learning the language of finance—learning the right terms and phrases—is not enough.  Your understanding needs to incorporate the underlying concepts, which are largely numerical in nature.

Much of basic financial literacy is about understanding simple numerical concepts both practically and abstractly. Read more…

POSTED: April 26, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , ,

Financial Literacy: Its Importance in the (Woman’s) Future

April 22 150x150 Financial Literacy: Its Importance in the (Woman’s) Future

By Kathleen Brennan, 2013 Alfred P. Sloan Foundation Teaching Champion Award recipient.

It goes without saying that today’s females have career opportunities that weren’t available to them a century ago.  The statistics are impressive– according to the U.S. Bureau of Census, females make up 60% of college graduates and the Bureau of Labor Statistics reports that labor participation rates of females have increased from 32% in 1950 to about 57% in 2012. Women have come a long way. The good news is that women have made great strides in breaking the glass ceiling and closing the pay gap; the bad news is that they still lag well behind men in terms of financial literacy. Ignorance in financial matters is particularly concerning since women have unique financial challenges—while many women rely on their husbands “to handle the money”,  the reality is that 90% of women will be solely responsible for their finances at some point in their lives due to the death of a spouse or divorce (Gender Gap in Financial Literacy 2012). Clearly, a man cannot be a “financial plan”. Read more…

POSTED: April 22, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

Advocating for Our Children’s Future

April 8 200x300 Advocating for Our Children’s Future

By David Nelms, Chairman & CEO of Discover Financial Services

Financial education in school, coupled with regular money discussions at home, is necessary to help students become knowledgeable about money, establish good financial habits and avoid the economic pitfalls that can derail them from achieving their goals. As parents, teachers and community and business leaders, we are accountable for providing young people with access to academic instruction and life skills training. When we fail to do so, we deprive them of the knowledge they need to make good financial decisions that have lasting implications to their futures. Read more…

POSTED: April 8, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , , , , ,

Making the Case for Financial Literacy

April 7 150x150 Making the Case for Financial LiteracyBy Treasurer David H. Lillard, Jr., Tennessee Department of Treasury

Over the last twenty years, households in the United States have noticed an increase in debt load and decrease in overall savings and retirement funding.  Many of these expenses are related to education for the Millennial generation and longer life expectancy for the Baby Boomer generation.  While higher lifetime income levels should offset the increasing costs, many people do not have the personal finance tools necessary to hedge the increasing cost for these expenses.  Studies conducted by the Financial Services Review in 2007 determined that personal finance is a topic that affects all career levels in all disciplines.  This study is especially relevant in Tennessee as our state has one of the highest average credit card debts at $7,054 per person and the highest per capital bankruptcy filings at 6.59 per 1,000 people. Read more…

POSTED: April 7, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , ,

Let’s Add an “F” to the Three Rs – Reading, Writing, Arithmetic, and Financial Literacy

April 4 199x300 Let’s Add an “F” to the Three Rs – Reading, Writing, Arithmetic, and Financial LiteracyBy Congressman Matt Cartwright, Pennsylvania’s 17th Congressional District.

This month we celebrate Financial Literacy Month in an effort to bring attention to this important life skill and encourage all Americans to take charge of their financial health. We’re confronted with a variety of financial decisions throughout our lives. Whether saving for retirement, buying a home, financing an education or simply putting away money in an emergency fund, a solid financial education is vital to making smart and responsible decisions.

The importance of consumer sophistication on financial matters has never been more important than it is in today’s economy. Unfortunately, Americans receive a failing grade when it comes to the subject.  According to Harris Interactive’s 2013 Consumer Financial Literacy Survey only 40 percent of adults say they have a budget and keep close track of their spending.  Approximately 60 percent of adults reported that they have not reviewed their credit score within the past year. Read more…

POSTED: April 4, 2014 | BY: Annamarie Cerreta | TAGS: , , , , , , , , , ,

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