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Economics Video Contest for Students

By CEE

In celebration of Economic Education Month this October, invite your students to participate in the Student Video Contest.

Here’s the 411:

CEE’s Student Video Contest is open for entries! Give your students the chance to think about the many cool and interesting ways economics is part of their lives while showing off their economics smarts and creativity in CEE’s student video contest! The question: How is economics part of my everyday life?”.

Contest details:

  • Videos must be 60 seconds or less.
  • Entries must be submitted by teachers on behalf of their students.
  • There is no limit on the number of videos a teacher may submit for their class.
  • Videos may feature one or multiple students.

All entries are due: October 19, 2022, 11:59 PM ET.

Prizes: one winner will be chosen in each of the following grade bands: K-4; 5-8; 9-12.

  • Teachers will each receive: $500 Amex gift cards for classroom use
  • Each student in the video will receive a $50 Amex gift card

See Official Contest Rules and Frequently Asked Questions

The post Economics Video Contest for Students appeared first on Council for Economic Education.

POSTED: September 30, 2022 | BY: brendan

Celebrate Economic Education Month

By CEE

With financial uncertainty facing families across America, high school students from coast to coast during October’s Economic Education Month will push educators and policymakers for equal access to the economic knowledge they need to thrive now and into their futures.

Student-focused and general Econ Ed Month advocacy toolkits from the Council for Economic Education (CEE) will help encourage legislators, school boards, school districts and other stakeholders to provide full access to the economic lessons young people need to make informed decisions throughout their lives.

Only half the states currently mandate economics classes for graduation, according to CEE’s biennial Survey of
the States
.

“The disparity in economic education threatens to leave millions of America’s high school students in the economic wilderness and also tends to deny life-shaping information to students of color and young people in less advantaged school districts,” said Nan J. Morrison, CEE president and CEO. “We’ve developed tools and events for Econ Ed Month in response to requests from students, families and educators who are urgently calling for economics curriculum to be equally available to all.”

Working with CEE state affiliates in Georgia, Nebraska and Oklahoma, CEE launched the first Economic Education Month in 2021. In addition to the new advocacy toolkits, this October features economics-focused weeks of action, classroom resources, professional development for teachers and a nationwide student video contest encouraging young people to answer, “How is economics part of my everyday life?” CEE and its affiliates are issuing calls for video contest submissions to teachers across the USA; winners will receive cash prizes.

Economic Education Month kicks off Sept. 30 and Oct. 1 with CEE’s 61st Financial Literacy & Economic Education Conference. This annual event offers workshops for K–12 educators who include economics and personal finance in their classes.

And on Oct. 6, CEE will feature the president and CEO of the Federal Reserve Bank of Cleveland, Loretta J. Mester, in a live online discussion with Rebecca Patterson, CEE board chair and chief investment strategist for Bridgewater Associates. The Board of Governors of the Federal Reserve System also is sponsoring a series of other economic education month activities.

More about the call to strengthen economic knowledge for every child in America is available at
EconEdMonth.org; join the conversation at #EconEdMonth


About CEE

The Council for Economic Education’s mission is to teach K-12 students about economics and personal finance so that they can make better decisions for themselves, their families and their communities. We carry out our mission by providing resources and training to K-12 educators and have done so for 70 years. Nearly 2/3 of the teachers we reach in person are in low- and moderate-income schools.

Media contacts

For more information, team photos or to arrange interviews with team members and teacher/coaches:

Lisa Fels Davitt
lisa@successioncommunications.com
(973) 886-1917

Steve Hirsh
steve@successioncommunications.com
(202) 441-1516

The post Celebrate Economic Education Month appeared first on Council for Economic Education.

POSTED: September 30, 2022 | BY: brendan

Network & Discover Innovative Ways to Engage Your Students

By CEE

Join us for the nation’s premier K-12 educator Conference for teachers who want to integrate personal finance and economics into their classrooms. This year, we are excited that we are FINALLY back in person for the Conference at a gorgeous location in the D.C. area (Chantilly, VA).

CEE knows teachers deserve a great and relaxing summer, but you should plan NOW for a great professional development opportunity taking place in the fall! Tickets are ONLY $125 for two full days of innovative live sessions, roundtables, guest speakers, and networking!

At the Conference you will:

  • Access over 40 interactive educator workshops and lectures where you will learn how to integrate personal finance and economics into your classroom;
  • Discover new innovative ways to engage your students;
  • Network with other K-12 teachers and educators;
  • Hear from Karin Kimbrough, Chief Economist at LinkedIn, and other inspiring experts in the field;
  • Learn more in exciting sessions on:
    • Cryptocurrency
    • Supply & Demand Digital Escape Room
    • Preparing Career-Ready Students
    • Advocating for Econ Ed
    • Privilege, Poverty, & Personal Finance

Experience the Conference at your own pace. A portion of Conference content will be available on demand starting the week following the Conference.

Learn more and register today

For those who are unable to attend in person, you can register to view select Conference sessions in the week following the in-person Conference. We do hope to see most of you there in person, though!

The post Network & Discover Innovative Ways to Engage Your Students appeared first on Council for Economic Education.

POSTED: July 21, 2022 | BY: brendan

A New Coalition Dedicated to Improving Access to Personal Finance Education

By CEE

Visa and the Council for Economic Education partnered to launch FinEd50, a nationwide coalition of nonprofits, community leaders, and corporate partners dedicated to improving access to quality financial education for students in the United States.

“The state of financial education offered to students in the U.S. varies significantly. Where students live should not impact whether they have access to knowledge that will help them learn how to make informed financial decisions in their lives,” said Worku Gachou, head of North America, inclusive impact & sustainability, at Visa. “Visa is proud to be a cofounding partner of FinEd50 and we welcome all who are passionate about ensuring young people have access to financial education to join us.”

According to CEE’s 2022 Survey of the States, only 27 states require schools to offer a personal finance course and the quality of courses varies wildly. While there has been some progress over the last decade, many young people in financially disadvantaged communities remain without access to a personal finance class. Delivering financial education through digital channels and in classroom settings can help children understand how to budget and build wealth, which can lead to more economically prosperous lives.

“America is failing our children when we don’t provide them with opportunities to study critical economic and personal finance concepts before they leave high school for college, for jobs and for their futures,” said Nan J. Morrison, CEE president and chief executive officer. “While we’re encouraged by some progress in our latest Survey, all young people across the country need more and deserve better.”

The FinEd50 coalition will be dedicated to achieving:

  • State-level action that guarantees equitable access to a personal finance course for every student.
  • Curriculum that meets the National Standards for Personal Financial Education and is culturally relevant to students’ lives.
  • Providing teachers with access to professional development through innovative funding mechanisms.
  • A measurement mechanism to track access and ensure equitable reach.

This new coalition builds on Visa’s more than 30-year commitment to developing innovative, free, and easily accessible financial education resources for businesses, individuals, and communities. Learn more about Visa’s commitment to financial education here.

For more information on FinEd50, please visit: www.FinEd50.com

The post A New Coalition Dedicated to Improving Access to Personal Finance Education appeared first on Council for Economic Education.

POSTED: July 14, 2022 | BY: brendan

High School Teams Earn National Honors in Top Personal Finance and Economics Competitions

By CEE

Nan

Students From Florida, California and Texas Win First Place in the Council for Economic Education’s National Personal Finance Challenge and National Economics Challenge

Nan J. Morrison, president and chief executive officer of CEE, announcing winners at the 2022 National Personal Finance Challenge in New York City.

Demonstrating winning knowledge of personal finance and economics that sets young people on paths to lifelong success, students from Land O’ Lakes High School in Florida, The Harker School in San Jose and St. John’s School in Houston scored top nationwide rankings in the National Personal Finance Challenge (NPFC) and two divisions of the National Economics Challenge (NEC) organized by the Council for Economic Education (CEE).

“You don’t learn about managing your money just by wishing, or about making complex economic choices just by following the news. It’s tough to thrive if you don’t understand,” said Nan J. Morrison, president and chief executive officer of CEE. “The students on these teams demonstrated an extraordinary level of knowledge in part because their schools offer classes in these life-essential topics.”

Only 25 states require students to take a course in economics to graduate, while 24 require a class in personal finance, according to CEE and its 2022 Survey of the States.

To reach the final competition in New York City, school teams had to first win their state titles and then rise to the top in a semifinal round last month.

“We strongly believe that financial education helps young people in all income levels become smarter consumers, lead more productive lives and build stronger communities,” said Heather Lavallee, CEO of Wealth Solutions, Voya Financial, which sponsors the NPFC. “We congratulate the winners and everyone who’s taken or teaches these important classes.”

Every student on each finalist team receives a cash prize.

Winning teams in the NPFC national finals:

2022 National Personal Finance Challenge Winners from Land O’ Lakes High School in Land O’ Lakes, Florida.
  • Land O’ Lakes High School of Land O’ Lakes, Florida – first place
  • Applications and Research Laboratory school of Ellicott City, Maryland – first runner-up
  • Ardrey Kell High School of Charlotte, North Carolina – second runner-up
  • Germantown High School from Madison, Mississippi – third runner-up

Championships in the NEC are staged in two groups based on experience levels.

he NEC’s David Ricardo Division for first-time competitors:

2022 National Economics Challenge David Ricardo Division Winners from St. John’s School of Houston, Texas.
  • St. John’s School of Houston, Texas- first place
  • Phillips Exeter Academy from Exeter, New Hampshire – first runner-up
  • Mt. Hebron High School of Ellicott City, Maryland – second runner-up
  • Dana Hall School of Wellesley, Massachusetts – third runner-up

In the NEC Adam Smith Division for advanced and returning competitors:

2022 National Economics Challenge Adam Smith Division Winners from The Harker School of San Jose, California.
  • The Harker School of San Jose, California – first place
  • Mt. Hebron High School of Ellicott City, Maryland – first runner-up
  • ‘Iolani School of Honolulu, Hawaii – second runner-up
  • Troy High School of Troy, Michigan – third runner-up

In subsequent international rounds, St. John’s outscored China’s David Ricardo championship team from Shandong and Harker defeated China’s Adam Smith team from Shanghai.

About the Council for Economic Education:

CEE’s mission is to teach K-12 students about economics and personal finance so they can make better decisions for themselves, their families and their communities. We carry out our mission by providing resources and training to K-12 educators and have done so for over 70 years. Nearly two-thirds of the tens of thousands of teachers we reach virtually and in-person are in low to moderate-income schools. All resources and programs are developed by educators and delivered by our 200 affiliates across the country in every state. Through our student-facing programs, including the National Personal Finance Challenge and the National Economics Challenge and Invest in Girls, CEE continues to inform, motivate and inspire young minds across the country. We also advocate for more and better education in personal finance and economics, primarily through CEE’s biennial Survey of the States.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company that provides products, solutions and technologies that help Americans become well planned, well invested and well protected. Serving the needs of 14.3 million individual, workplace and institutional clients, Voya has approximately 6,000 employees and had $707 billion in total assets under management and administration as of March 31, 2022. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies® by the Ethisphere Institute; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

CONTACTS

For more information contact press@councilforeconed.org.

The post High School Teams Earn National Honors in Top Personal Finance and Economics Competitions appeared first on Council for Economic Education.

POSTED: June 15, 2022 | BY: brendan

CEE’s 2022 Survey of the States

By CEE

New FinEd50 Initiative from Visa & CEE Aims to Accelerate Financial Education Requirements for All Students

Despite advances in ensuring access to personal finance classes in K-12 schools, there’s troubling stagnation in equally important economics education, according to the 2022 Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools by the Council for Economic Education (CEE).

“America is failing our children when we don’t provide them with opportunities to study critical economic and personal finance concepts before they leave high school for college, for jobs and for their futures,” said Nan J. Morrison, CEE president and chief executive officer. “While we’re encouraged by some progress in our latest Survey, all young people across the country need more and deserve better.”

Only 25 states require students to take a course in economics to graduate high school, the 2022 Survey found — a standstill from 2020′s Survey and an increase of only three states in the last decade. And several states, including Georgia and South Carolina, are considering removing economics from graduation requirements.

Parallel requirements for personal finance are on an encouraging upward path, the Survey found. States mandating that for graduation grew to 23, up by two – Nebraska and New Mexico – since 2020. Ohio and Mississippi updated their requirements to a standalone personal finance course. And the Florida legislature just this month unanimously sent to Gov. Ron DeSantis a bill that would make it the most populous state to require personal finance for graduation.

As noted in the Survey, “Absent exposure to both subjects, America’s young people are denied full access to the knowledge they need to successfully navigate their lives as both individuals and as members of larger and increasingly complex communities and societies.”

Adds Morrison, “Short-changing universal access hits particularly hard on historically underserved students and students of color. When requirements and funding vary among districts, the disparate quality and effectiveness of financial education create and extend inequities. Intentional statewide approaches help move the equity needle for all.”

With data showing millions of students left in the dark on money matters, Visa (NYSE: V), which helped fund this year’s Survey, and CEE are launching FinEd50, a coalition of private, public and nonprofit leaders that will promote guaranteed access everywhere to these essential courses. FinEd50 members also will provide additional training and curriculum support to teachers and school districts.

“The state of financial education offered to students in the U.S. varies significantly. Where students live should not impact whether they have access to knowledge that will help them learn how to make informed financial decisions in their lives,” said Worku Gachou, head of North America, inclusive impact & sustainability, at Visa. “Visa is proud to be a cofounding partner of FinEd50 and we welcome all who are passionate about ensuring young people have access to financial education to join us.”

Since 1998, CEE has collected and analyzed data from all 50 states and the District of Columbia, making the biennial Survey of the States an important benchmark for tracking progress on economic and personal financial education.

The full 2022 Survey report with detailed tables and methodology is available at SurveyOfTheStates.com. Additional information on the coalition is at FinEd50.com. And join the conversation at #SURVEYOFTHESTATES.


About the Council for Economic Education:

CEE’s mission is to teach K-12 students about economics and personal finance so they can make better decisions for themselves, their families and their communities. We carry out our mission by providing resources and training to K-12 educators and have done so for over 70 years. Nearly two-thirds of the tens of thousands of teachers we reach virtually and in-person are in low to moderate income schools. All resources and programs are developed by educators and delivered by our 200 affiliates across the country in every state. Through our student-facing programs, including Invest in Girls, the National Personal Finance Challenge and the National Economics Challenge, CEE continues to inform, motivate and inspire young minds across the country. Find out more at councilforeconed.org and on Twitter, Facebook and LinkedIn.

Media contacts:

For more information, team photos or to arrange interviews with team members and teacher/coaches:

Kate Alexander: kate@successioncommunications.com | 201-638-3946
Steve Hirsh: steve@successioncommunications.com | 202-441-1516

The post CEE’s 2022 Survey of the States appeared first on Council for Economic Education.

POSTED: May 17, 2022 | BY: brendan

New National Standards for Personal Financial Education

By CEE

National Standards for Personal Finance

Because the way young people interact with money is changing dramatically, the national standards for teaching personal finance in K-12 schools are evolving, too.

CEE and Jump$tart have joined forces to issue a unified set of national standards identifying knowledge, skills and decision-making abilities that all young people should acquire for their lives as smart consumers.

The new National Standards for Personal Financial Education create benchmarks for concepts and principles instead of a focus on products, rules or conventional learning, which are subject to continual change. The standards are organized around six topic areas: earning income; spending; saving; investing; managing credit; and managing risk.

“The single set of new standards consider today’s and tomorrow’s financial realities and a more diverse student population,” said Nan J. Morrison, CEE president and CEO. “While in the past, financial literacy coursework may have explored balancing checkbooks, saving allowance and earning spending money by mowing lawns, the new standards emphasize digital skills and recognize that not all children get an allowance, have discretionary income or live in places with lawns to be mowed.”

The standards identify knowledge, skills and decision-making abilities that all young people, without regard to race, gender and family income, should acquire during their K-12 education as a framework for their lives as smart consumers. They acknowledge evolution in areas such as behavioral finance, higher education financial planning, identity theft, mobile payments and cryptocurrency in the years since standards were last published in 2015 (Jump$tart) and 2013 (CEE).

The National Standards for Personal Financial Education were developed in collaboration with distinguished K-12 and university educators, curriculum developers and researchers. The standards were reviewed to ensure diversity, equity and inclusion by independent DEI consultants and by diverse stakeholders from business, finance, academia and government.

“CEE and Jump$tart believe that all students deserve a financial education that sufficiently prepares them to be smart consumers,” said Laura Levine, Jump$tart president and CEO. “We recognize that classroom-based education is critical for those who aren’t able to get this guidance at home and in that way, we see these standards as a contribution to narrowing the wealth and equity gap in our country.”

The standards set learning objectives at each grade level. For example, fourth-grade standards examine different ways people earn income, methods of payment, and basics of how income is taxed to support community services. By eighth grade, students should learn about the benefits and opportunity costs of investments and entrepreneurship. The standards recommend that by senior year, students understand concepts of salary, wages and benefits in multiple career paths, learn about education and training costs and financing, and explore the effect of market conditions and technology on job opportunities. And the standards are written in a way that teachers can easily assess their students’ learning and retention.

“The standards are often adopted by state legislatures and education policy leaders and are guideposts for personal finance curriculum designers to bring essential and accessible ‘financial smarts’ to students,” Levine explained.

The updated and combined standards represent a new and significant collaboration by the two long-established leaders in personal finance education. “Jump$tart and CEE recognized that our combined experience provided a great opportunity to create a single, shared pathway to the future, while making it simpler for states and schools to adopt the standards,” Levine and Morrison said in a joint statement. “We are grateful for the contributions of the writing and review teams and the generosity of the Jackson Charitable Foundation for its support.”

“We always say ‘you’re never too young to learn about money,’” Morrison added. “Now together with Jump$tart, we’re making sure the standards educators rely on stay young, too.”

At least some personal finance education is mandated in 27 states, according to CEE’s latest biennial Survey of the States. Researchers see significant gains in young people’s financial knowledge in states with mandates, especially for children of diverse racial and ethnic backgrounds, heritages and cultures and for students in lower economic levels.

The post New National Standards for Personal Financial Education appeared first on Council for Economic Education.

POSTED: May 11, 2022 | BY: brendan

2022 Visionary Awards Benefit Dinner

By CEE

We had a wonderful time at the 2022 Visionary Awards Benefit Dinner. We would like to express our sincere gratitude to each attendee, educator, honoree, sponsor, and staff member who helped make the event such a success. Guests dusted off their party shoes, changed out of their Zoom clothes, and enthusiastically greeted one another at The Plaza Hotel in New York City. For many people, it was their first large in-person event since the start of the pandemic, and what better place to start than with a benefit to honor leaders who promote economic and financial literacy?

Visionary Award honorees Barbara G. Novick, Claudia Goldin and Thasunda Brown Duckett during the Fireside Chat.
Visionary Award honoree Barbara G. Novick, emcee Steve Liesman and Visionary Award honoree Thasunda Brown Duckett.
CEE President and CEO Nan J. Morrison and CEE Chairperson Rebecca Patterson.

This year, we honored Thasunda Brown Duckett, President and CEO, TIAA; Claudia Goldin, Henry Lee Professor of Economics, Harvard University; and Barbara G. Novick, Co-Founder & Former Vice Chairman, BlackRock. The honorees engaged in a thought-provoking fire-side chat, where they discussed current issues including inflation, unemployment, and women in the workforce.

Chair Emeritus Barry G. Haimes, Livingston Public School student Brett Conklin, teaching award winner Alex Lamon and emcee Steve Liesman.
Chair Emeritus Barry G. Haimes, Bronx High School of Business student Marco Flores, teaching award winner Jessica Bailey and emcee Steve Liesman.

We also presented the Barry G. Haimes Award for Excellence in Teaching, named after our distinguished Board Chair Emeritus, to Jessica Bailey, School Improvement Coach at the New York City Department of Education, and Alex Lamon of the Livingston Public Schools in New Jersey.

The benefit raised $600,000, which will help keep CEE’s momentum going and raise awareness of the importance of economic and personal finance education. Should you wish to make a donation, your contribution will directly support K-12 students and teachers.

Special thank you to all our sponsors for their support. We are grateful.

The post 2022 Visionary Awards Benefit Dinner appeared first on Council for Economic Education.

POSTED: May 7, 2022 | BY: brendan

8th Annual Global Economic Symposium was a Great Success!

The 8th Annual Global Economic Symposium (GES) was held virtually on Friday, March 25th. Thanks to the technical support from Brightcove, a Boston-based video platform company and the extended network of Blacks on Wall Street, this year’s program included schools from Chicago, the District of Columbia, and New Orleans to compete with the legacy teams from Massachusetts, New York, Rhode Island and Texas.

Student teams from high school and middle school with the assistance of mentors from Bridgewater State University, Northeastern University and Bentley University identified a global issue, researched nations that were most impacted by the issue and nations that had success in addressing the issue and as a result, provided a recommendation on a policy, practice or action that they felt could help mitigate the impact of this global issue.

In the weeks leading up to the Global Economic Symposium, student teams produced short videos to highlight their analysis of the problem and their proposed solutions. On the day of the event, their 5-minute pre-recorded videos were shown to panels of judges consisting of distinguished experts in academia, industry, banking, and education. The students on each team then had opportunities to respond in real time to the judges’ questions.

At the conclusion of the event, the following schools and teams were selected by the judges for award recognition, based upon the quality of their research presentations and their responses to judges’ questions:

International Division (High School)

1st Place Energy Dependence                                   East Greenwich High School, RI

2nd Place What About Our Health?                           Brockton High School. MA

3rd Place The Economic Strain of Prisons                McDonogh 35 Senior High School, LA

4th Place Spreading awareness and finding

Solutions for clean water and sanitation               Townview School of Business, TX

 

 

Global Division

1st Place Supply Chain                                                    Ashfield Middle School, MA

2nd Place Climate Change                                              Ashfield Middle School, MA

 

Included in the programming of the day were two inspirational speakers.

In the morning we heard from keynote speaker, Loida Lewis, the wife of the legendary Reginald Lewis, who was the first black businessman to pull off a billion-dollar leveraged buyout and wrote the book: Why Should White Guys Have All the Fun? Ms. Lewis, a force to be reckoned with in her own right, chair, and chief operating officer for TLC Beatrice, LLC, concluded her speech with the following advice: “focus your lives on Goal setting, Obedience, and Determination”.

The day ended with another inspirational speech from Dr. Fred McKinney, recently retired Carlton Highsmith Chair for Innovation and entrepreneurship at the Lender School of Business at Quinnipiac University and former president and chief executive officer at the Greater New England Minority Supplier Development Council that advised students to: Think Big; Have a Dream’ Talk and Listen to People, particularly those outside your normal circle; Help Others; Stress Yourself, Not Others; Exercise. Eat Right and Love Yourself.

Here is the list of participating Schools:

Archbishop Carroll High School, Washington, DC

Ashfield Middle School. Brockton, MA

BASE Chicago, Chicago, Ill

Benjamin Franklin High School, Cambria, Heights, NY

Brockton High School, Brockton, MA

East Greenwich High School, East Greenwich, RI

John Philip Sousa <idle School, Washington, DC

McDonogh 35 Senior High School, New Orleans, LA

Townview School of Business and Management, Dallas, TX

 

The supervising educators who helped make this all happen:

Sam Anderson

Sherrell Tolbert Batts

Tiffany Banks Brown

Peter Czymbor

Matthew Genua

Donald Hess

Jamison Martin

Kevin Miles

Michelle Ming

Dr. Patricia Page

Cedric Turner

 

Judges

Nelia Arruda

Camille Baerga

Doug Banks

Richard Ciarletta

Robert DeLuca

Martin Dias

Meredith Duhaime

Alexis Fennoy

‘Scott Glasgow

David Gulley

Moon Han

Brian Hannon

Blaire Horner

Charles Hudson

Prakash Koirala

Christopher McHugh

Ethan Powell

Kevin Ruth

Joanne Schneider

James Steele

Scott Stephenson

Laura Young

Volunteers

Austin Barber

Sara Barber

Elizabeth Beckett

Parker Byron

Finesse Carter

Alix Holder

Jackie Anne Joseph

Barbatt Jocelyn

Lisa Rodriques

Petroy Thompson

Michael Turner

 

The generous support of the following sponsors made the Global Economic Symposium available free of charge to all participating students and schools

Platinum Sponsors:

Blacks on Wall Street

Brightcove

EmpowerYourself

 

Gold Sponsors

Eastern Bank

Give-Get

 

Bronze Sponsors

Bank 5

Bridgewater State University

Council for Economic Education

 

The Global Economic Symposium creators are Mr. Cedric Turner, Mr. George “Scott” Scott Guild, Dr. Margaret Brooks, Dr. Patricia Page, Mr. Bob Barber and the co-collaborators: from Blacks on Wall Street: Mr. Dennis Creary, Ms. Stephanie Barimah

POSTED: April 13, 2022 | BY: Margaret Brooks

High School Team From Nebraska Wins Top Honors in National Personal Finance Challenge

By CEE Staff

Council for Economic Education Competition Showcases Mastery of Essential Life Skills

NEW YORK (June 4, 2021): Students from Millard North High School in Omaha, Neb., earned the top title in this year’s National Personal Finance Challenge (NPFC) for showcasing their understanding of an essential life skill: how to manage money, whether you have a lot of it or not much at all.

Nearly 10,000 students from more than 350 schools competed across the United States in the NPFC this spring. Students from the Applications & Research Laboratory school in Ellicott City, Md., ranked as first runner-up, with teams from Bellarmine College Preparatory in San Jose, Calif., and Germantown High School of Madison, Miss., rounding out the top four finalists from the 24 semifinals teams.

The competition showcases students’ ability to use their knowledge to assess a family’s financial situation and present a thoughtful plan including earning, spending, saving, using credit and investing.

Organized by the Council for Economic Education (CEE) with help from the Nebraska Council on Economic Education, it was held entirely online due to COVID-19. The NPFC is sponsored by Voya Financial.

“Congratulations to the students and teachers from Millard North, Applications & Research, Bellarmine and Germantown and to every student who studied personal finance during this COVID-affected school year,” said Nan J. Morrison, CEE president and chief executive officer. “We see in all the teams who competed that managing your money smartly is not something young people just know – it’s something they need to learn.

In 21 states, students are required to take a course in personal finance, according to CEE’s biennial Survey of the States. In other states, personal finance skills that many used to take for granted – creating budgets, understanding interest, credit and goal-setting – may not even be on the agenda.

“Our research indicates that in states with personal finance requirements, students exhibit more informed behavior around college financing, and that’s particularly true for those from economically challenged families,” Morrison said. “In states without requirements, there is a 16-point gap in access to financial education between kids from lower-income versus wealthier families.”

“These high school students are facing financial independence in just a few short years,” said Heather Lavallee, CEO of Wealth Solutions, Voya Financial. “The National Personal Finance Challenge is equipping stellar teams from around the country with smart decision-making skills to navigate that milestone and forge a path to financial security.”


About the Council for Economic Education:

The Council for Economic Education’s mission is to teach K-12 students about economics and personal finance so that they can make better decisions for themselves, their families and their communities. We carry out our mission by providing resources and training to K-12 educators and have done so for 70 years. Nearly 2/3 of the teachers we reach in person are in low- and moderate-income schools.

Media contacts:

For more information, team photos or to arrange interviews with team members and teacher/coaches:

Lisa Fels Davitt, lisa@successioncommunications.com, (973) 886-1917

Steve Hirsh, steve@successioncommunications.com, (202) 441-1516

The post High School Team From Nebraska Wins Top Honors in National Personal Finance Challenge appeared first on Council for Economic Education.

POSTED: June 8, 2021 | BY: brendan