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Spotlight on Financial Literacy in K-12

Thursday, September 25, 2014   (0 Comments)
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K-12 Leadership Spotlight
An ASCD SmartBrief supplement for K-12 administrators
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Spotlight On Financial Literacy in K-12
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This is a paid advertisement for SmartBrief readers. The content does not necessarily reflect the view of SmartBrief or its Association Partners.
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Do today’s young people have the financial savvy needed to make complex financial decisions? According to data from the 2012 PISA financial literacy assessment, the answer is no.In this Spotlight issue, the Council for Economic Education and SmartBrief offer an in-depth look at the current state of financial literacy among our youth, why this is important and what schools and communities can to now to prepare their young people.
FEATURED ARTICLE
Sponsored Content from CEE
Raising smart decision makers
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Financial literacy isn’t just teaching kids about money, according to Nan Morrison, president and chief executive officer at the Council for Economic Education. Children need to learn how to make smart decisions in addition to understanding money. SmartBrief talked with Morrison about her organization’s plans and resources for shaping the way kids learn.

You’ve said that the “language and tools of economics gives our kids the ability to recognize and understand the nature of choice in their lives.” What do you mean by this?

Economics teaches decision making. When you take away the charts and graphs and complicated math and numerical analysis that you see in The Wall Street Journal or The New York Times, learning economics is basically understanding that you have choices, understanding that choices involve trade-offs, opportunitity costs and risks.Read full interview here.
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ADDITIONAL RESOURCES
Sponsored Content from CEE
Economics, Finance Classes Lagging in Public Schools
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A majority of public school students in the U.S. still are not exposed to economics or personal finance education despite the lessons of the recent recession, anew surveyshows. Only 17 states require a high school course in personal finance , and only 22 states in economics.DownloadCEE's newly releasedSurvey of the Statesto see how your state compares.
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A cry for help: A push for financial literacy in K-12 education
The latest PISA results painted a bleak picture about what young people know about money. Financial literacy expert Annamaria Lusardi talks about what these findings mean for our young people and society at large, and what we need to do now to change.Read the blog post here.
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SMARTBRIEF ARCHIVES
Texas schools adjust to math standards
Texas schools are implementing new math standards this year, and the changes are reshaping instruction. For example, students in kindergarten will learn about financial literacy, and lessons on using a projector to measure angles will shift from sixth grade to fourth grade under the standards.
The Dallas Morning News (free content)(9/5)
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Female investors shrink financial-literacy gap
Financial Finesse reports that the gender gap in financial literacy is shrinking as women become more proactive about their money and financial education. Still, only a third of women feel confident about their investment decisions, compared with half of men.
Employee Benefit Adviser(8/27)
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Okla. districts offer courses to meet financial-literacy mandate
Schools across Oklahoma are using both online and traditional courses to comply with a state law requiring schools to teach 14 areas of financial literacy to students. The state is one of 17 to make financial literacy a requirement for high-school students.
Tulsa World (Okla.)(8/26)
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Summer camp helps grow female entrepreneurs
Thirty young women worked together this summer at a program in Connecticut to develop and launch an herbal beauty line. The teenagers grew and harvested the herbs and then turned them into products to sell at a local farmers market. "I get a lot of things from this program: leadership, business and real world," camper Briana Sutton said.
The Hartford Courant (Conn.)(8/8)
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Lemonade stand offers business, money-management lessons
Students taking part in the Lemonade Stand Management Camp in Oregon this summer planned and launched a drink station for local park district employees, as well as parents and fellow students. The students were tasked with securing funding for the venture and operating the stand, which earned $83, and they were able to donate $58 to charity after paying back their loan.
The Bulletin (Bend, Ore.)(7/23)
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COMPANY PROFILE
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The Council for Economic Education is the leading organization in the U.S. that focuses on the economic and financial education of students from kindergarten through high school - and we have been doing so for 65 years. We carry out our mission by educating the educators: providing the curriculum tools, the pedagogical support, and the community of peers that instruct, inspire, and guide. All resources and programs are developed by educators, and delivered by our national network of affiliates. Our goal is to reach and teach every child. Each year CEE’s programs reach more than 55,000 teachers and over 5 million students. For further information, visithttp://www.councilforeconed.org/.
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