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6 Core Areas of Personal Finance

By CEE

CEE is a leader in defining national standards for the teaching of K-12 personal finance, outlining what students should know by grade level. Our latest National Standards for Personal Financial Education, released in 2021, identify knowledge, skills, and decision-making abilities that young people should acquire during their education to prepare students for their lives as smart consumers. The six core areas of personal finance we identified, in partnership with the Jump$tart Coalition for Personal Financial Literacy, offer young people a base level of knowledge they should acquire for their lives as smart consumers.

Here’s what the next generation should know:

Earning Income

How people earn income:

Most people earn wage and salary income in return for working, and they can also earn income from interest, dividends, rents, entrepreneurship, business profits, or investments. Employee compensation may also include access to employee benefits such as retirement plans and health insurance.

What types of work and workers make more money?

Employers generally pay higher wages and salaries to more educated, skilled, and productive workers. The decision to invest in additional education or training can be made by weighing the benefit of increased income-earning and career potential against the opportunity costs in the form of time, effort, and money.

Impact of Taxes on Earnings

Spendable income is lower than gross income due to taxes assessed on income by federal, state, and local governments.

Spending

What is a budget?

A budget is a plan for allocating a person’s spendable income to necessary and desired goods and services. When there is sufficient money in their budget, people may decide to give money to others, save, or invest to achieve future goals.

How do I make good spending decisions?

People can often improve their financial wellbeing by making well-informed spending decisions, which includes critical evaluation of price, quality, product information, and method of payment. Individual spending decisions may be influenced by financial constraints, personal preferences, unique needs, peers, and advertising.

Saving

How do I decide how much I should save?

People who have sufficient income can choose to save some of it for future uses such as emergencies or later purchases. Savings decisions depend on individual preferences and circumstances.

How do I decide where I should put my savings?

Funds needed for transactions, bill-paying, or purchases, are commonly held in federally insured checking or savings accounts at financial institutions because these accounts offer easy access to their money and low risk. Interest rates, fees, and other account features vary by type of account and among financial institutions, with higher rates resulting in greater compound interest earned by savers.

Investing

Why invest?

Kids can choose to invest some of their money in financial assets to achieve long-term financial goals, such as buying a house, funding future education, or securing retirement income. Investors receive a return on their investment in the form of income and/or growth in value of their investment over time. People can more easily achieve their financial goals by investing steadily over many years, reinvesting dividends, and capital gains to compound their returns.

How do I decide where I should invest?

Investors have many choices of investments that differ in expected rates of return and risk. Riskier investments tend to earn higher long-run rates of return than lower-risk investments. Investors select investments that are consistent with their risk tolerance, and they diversify across a number of different investment choices to reduce investment risk.

Managing Credit

What is credit?

Credit allows people to purchase and enjoy goods and services today, while agreeing to pay for them in the future, usually with interest. There are many choices for borrowing money, and lenders charge higher interest and fees for riskier loans or riskier borrowers. Lenders evaluate creditworthiness of a borrower based on the type of credit, past credit history, and expected ability to repay the loan in the future.

What is a credit score and why does it matter?

Credit reports compile information on a person’s credit history, and lenders use credit scores to assess a potential borrower’s creditworthiness. A low credit score can result in a lender denying credit to someone they perceive as having a low level of creditworthiness.

How do I build credit /my creditworthiness?

Common types of credit include credit cards, auto loans, home mortgage loans, and student loans. The cost of post-secondary education can be financed through a combination of grants, scholarships, work-study, savings, and federal or private student loans.

Managing Risk

What does it mean to manage risk?

People are exposed to personal risks that can result in lost income, assets, health, life, or identity. They can choose to manage those risks by accepting, reducing, or transferring them to others.

What is insurance and when do I need it?

When people transfer risk by buying insurance, they pay money now in return for the insurer covering some or all financial losses that may occur in the future. Common types of insurance include health insurance, life insurance, and homeowner’s or renter’s insurance. The cost of insurance is related to the size of the potential loss, the likelihood that the loss event will happen, and the risk characteristics of the asset or person being insured. Identity theft is a growing concern for consumers and businesses. Stolen personal information can result in financial losses and fraudulent credit charges. The risk of identity theft can be minimized by carefully guarding personal financial information.

How Do I Get Started?

First, see how you score on our personal finance quiz. Then, check out these resources for teachers, for students, and for families.


About the Council for Economic Education

The Council for Economic Education‘s (CEE’s) mission is to equip K–12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways. We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact:

CEE: press@councilforeconed.org

The post 6 Core Areas of Personal Finance appeared first on Council for Economic Education.

POSTED: August 2, 2023 | BY: brendan

National Personal Finance Challenge Winners 2023 

By CEE

voya

The results are in and students From California, Alabama, Arkansas and Kansas have been named top in the U.S.A. in CEE’s National Personal Finance Challenge!

The National Personal Finance Challenge (NPFC) is a nationwide competition that offers high school students the opportunity to build and demonstrate their knowledge in the concepts of earning income, spending, saving, investing, managing credit, and managing risk.

In the first round, competitors complete a 30-question, online rapid-fire exam. In regional and national finals, students use what they have learned from the six areas of knowledge to create a financial plan for a fictitious family scenario. This year, the students wowed us with their ability to advise the Wallace family in this year’s case study on important real-life personal finance matters such as calculating a retirement age, budgeting for a mortgage, car payments, education, and caring for elderly parents. We invite you to watch the recording of the presentations on the CEE YouTube channel.

“Understanding the basics of personal finance unlocks a wealth of opportunities for life,” said Nan. J. Morrison, CEE president and chief executive officer. “We congratulate this year’s NPFC championship teams and all the students, teachers and CEE affiliates who bring these essential skills to life in competitions and in classrooms.”

The National Personal Finance Challenge is supported by Voya Financial, as part of its mission to make secure financial futures possible — one person, one family, one institution at a time. Together with Voya Foundation, Voya works to support programming around the country that prepares students for the workforce of the future and to manage their future income through life to a secure retirement.

Winning schools, team members and teachers in the 2023 NPFC national finals are:

Congratulations!!

About the Council for Economic Education

The Council for Economic Education’s (CEE’s) mission is to equip K–12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways. We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program. Learn more at CouncilForEconEd.org and on Twitter, Facebook and LinkedIn.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company with 7,200 employees who are focused on achieving Voya’s aspirational vision: Clearing your path to financial confidence and a more fulfilling life. Through products, solutions and technologies, Voya helps its 14.7 million individual, workplace and institutional clients become well planned, well invested and well protected. Benefitfocus, a Voya company, extends the reach of Voya’s workplace benefits and savings offerings by providing benefits administration capabilities to 16.5 million individual subscription employees across employer and health plan clients. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and 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, Instagram, LinkedIn and Twitter.

For more information and school team photos, email press@councilforeconed.org

The post National Personal Finance Challenge Winners 2023 appeared first on Council for Economic Education.

POSTED: June 8, 2023 | BY: brendan

2023 National Personal Finance Challenge Finalists 

By CEE

Congratulations to the finalists for the 2023 National Personal Finance Challenge! The National Personal Finance Challenge (NPFC) is a nationwide competition that offers high school students the opportunity to build and demonstrate their knowledge in the concepts of earning income, spending, saving, investing, managing credit, and managing risk. In the first round, competitors completed a 30-question, online rapid-fire exam. In regional and national finals, students use what they have learned from the six areas of knowledge to create a financial plan for a fictitious family scenario.

We’re excited that this year classmates, teachers, families, and fans of personal finance will be able to watch the finals live on the CEE YouTube channel. The final round is comprised of a case study presentation, where students use what they have learned from the six areas of knowledge to create a financial plan for a fictitious family scenario. Tune in on Monday, June 5 at 1:00 p.m. ET. We’re sure you’ll be impressed with this year’s competitors!! Watch the livestream here.

The NPFC has been generously sponsored by Voya Financial since 2015. “As a company that’s laser focused on financial wellness as a whole, we needed a program that could teach everything and have the potential to reach every kid who needed it. We were introduced to CEE and the Challenge, and the rest is history,” says Braeden Mayrisch, Vice President of Stakeholder Equity and Impact at Voya Financial.

Once again, congratulations to the winners. We can’t wait to see you at finals!

2023 National Personal Finance Challenge Finalists:

Vestavia Hills High School, Alabama

Tuscaloosa County High School, Alabama

Hamilton High School, Arizona

Arkansas School for Mathematics, Sciences, and the Arts, Arkansas

Adrian Wilcox High School, California

Dunwoody High School, Georgia

Salem High School, Georgia

Kenwood Academy High School, Illinois

Naperville Central High School, Illinois

Andover High School, Kansas

Applications and Research Laboratory, Maryland

Edgewood High School, Maryland

Brockton High School, Massachusetts

Somerville High School, Massachusetts

Chelsea High School, Michigan

Hopkins High School, Minnesota

Holmes County Central High School, Mississippi

Germantown High School, Mississippi

Hannibal Career and Technical Center, Missouri

Skyview High School, Montana

Ravenna Senior High, Nebraska

Hunter College High School, New York

Lenoir County Early College High School, North Carolina

Raleigh Charter High School, North Carolina

Madeira High School, Ohio

Edmond Memorial High School, Oklahoma

Baldwin High School, Pennsylvania

North Kingstown Senior High School, Rhode Island

Woonsocket High School, Rhode Island

Thomas Jefferson High School for Science and Technology, Virginia

Plano West Senior High School, Texas


About the Council for Economic Education

The Council for Economic Education‘s (CEE’s) mission is to equip K–12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities, and learn to successfully navigate in our ever-changing economy. We carry out our mission in three ways. We advocate to require financial and economic education in every state. We provide training, tools and resources – online and live through over 180 affiliates nationwide – to more than 40,000 teachers annually who in turn bring the highest quality economics and personal finance instruction to over 4 million students. We deepen knowledge and introduce high school students to critical career capabilities through our national competitions and Invest in Girls program.

Media contact:

CEE: press@councilforeconed.org

The post 2023 National Personal Finance Challenge Finalists appeared first on Council for Economic Education.

POSTED: May 30, 2023 | BY: brendan

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