Category: Financial Literacy

The "States" of Financial Capability

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Jul 16, 2018
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Policy, Advocacy, Financial Literacy
Last December, the Center for Financial Literacy at Champlain College issued a report card on U.S. states and their personal finance education offerings in high schools. At that point, only Alabama, Missouri, Tennessee, Virginia and Utah received “A’s,” signifying that they require 60+ hours of personal financial instruction for graduation. Utah got an “A+” because they also require students to pass a state test on the subject.  However, there has been progress...

Just One Resource - PROJECT: Create a Scam Guidebook

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May 23, 2018
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Just One Resource, Financial Literacy, Identity Theft
        In this new weekly blog post, Jessica will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.    [The Resource]  PROJECT: Create a Scam Guidebook The Gist: Financial scams are everywhere, out to get you if you're not vigilant. As the school year draws to a close, why not have your students deep dive into the nitty-gritty of how different scams work...

Schools in the News

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May 09, 2018
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Schools In News, Teaching Strategies, Lesson Idea, Financial Literacy, Featured Teachers, Entrepreneurship, This Week In Financial Literacy
South Bay students give younger classmates a dose of entrepreneurship (The Mercury News) Inside a classroom tucked into the first floor of the Cupertino Library, presenters last Saturday discussed a range of business topics including the finer points of writing a business plan and the importance of diversity in a corporate team. As they did so, an audience of about 30 sat in earnest attention, trying to take it all in. Area schools using creative approaches to teach personal finance to...

Flash Survey Results: Advocating for Financial Education

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May 04, 2018
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Survey Results, Financial Literacy, Advocacy, Personal Finance
As more states move to increase access to financial education for their students, we were curious: What has your experience been in advocating for financial education? Now, with data in hand, here's a quick summary of the results: 81% of respondents indicate that they have advocated for a personal finance class or content in their school, district, or state Administration (64%), students (62%), colleagues (61%), and parents (60%) are the most reported supporters of financial education advocacy...

In The Trenches: The Impact of Financial Education

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May 01, 2018
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Financial Literacy, Personal Finance
Musings from a group of high school students in Michigan about the value of their personal finance course:    Sam:  We learned a lot about saving money, budgeting, and banking. My classmate Sophia and I are also both involved in DECA, a business organization. We were enjoying what we learned in class and decided to use it as a basis for our Financial Literacy DECA project. We spent lots of time on this project and learning about the importance of financial literacy. Everything we...

NGPF Podcast: Tim Talks to Financial Education Researcher, Melody Harvey

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Apr 27, 2018
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Podcasts, Research, Financial Literacy, Current Events
Far too often, we read in the media articles with titles like "Does Financial Education Really Work?" that take a skeptical view of the work that we do. Yet, every day, we seem to be seeing more evidence that it does. Today on the podcast you will hear from Melody Harvey, a current PhD candidate at Pardee RAND Graduate School. Her dissertation focuses on the question of whether financial education impacts usage of alternative financial services (a.k.a. payday borrowing and other high cost...

What I'm Reading This Weekend (April 28-29)

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Apr 27, 2018
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Current Events, Economics, Employment, Behavioral Finance, Financial Literacy
What I’m Reading This Weekend (April 28-29) April has brought us Financial Literacy/Capability Month and "Equal Pay Day."  This week's list starts with the first and ends with the last, and we cover global economics, news for teachers, and Amazon was in the headlines so many times they get their own heading this week. Financial Capability  Do you live in one of the five states that received and A from the Champlain College Financial Literacy Center?  Here are the top ten...

Introducing NGPF Summer Institute 2018 Participants

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Apr 16, 2018
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Summer Institute, Financial Literacy, Featured Teachers
June 2018 Adam Cole, Needham High School (Needham, MA) Adam Cole is a dedicated educator who is passionate about preparing his students for life after high school.  After 8 years of teaching solely math, he added both personal finance and computer science to his schedule.  By connecting with local businesses and experts to make the material more engaging and meaningful, enrollment has doubled over the last 5 years.  In addition to teaching, he coaches both the Boys...

Financial Education: Teaching Up as well as Down

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Apr 02, 2018
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Retirement, Financial Literacy, Parent Conversations, Teaching Strategies
We focus daily on preparing younger generations to manage their financial futures.  It is a noble cause. But as educators, we can be the key to helping a parent who has never been responsible for major financial decisions navigate some of the most critical financial decisions of their lives. A few weeks ago I had the distinct pleasure of attending my mom’s 90th birthday celebration.  As I scanned the room filled with octogenarians and nonagenarians in various states of health, I...

Schools in the News (mid-March edition)

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Mar 14, 2018
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Schools In News, Featured Teachers, Financial Literacy, Career, Current Events, Cryptocurrencies, Teaching Strategies
State legislatures seem to be taking up the issue of financial education en masse as bills are being proposed in several states, hopeful signs, yes, but we know that it's when it becomes a law that it matters.  Kentucky State Treasurer Thinks Personal Finance Should Be Graduation Requirement (Courier Journal) as a bill moves through the legislature there: I believe students across our commonwealth need access to financial literacy lessons like Luci has had. That is why I am supporting HB...

NGPF Blog User Guide: Your Best 3 Minute Investment Ever

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Mar 12, 2018
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Personal Finance, Financial Literacy
You may have never seen it...it's that first item under the Community tab on our website: Once you do find it...you will be glad that you did! NGPF Blog posts provide more than interesting reading. It provides unique and varied material to bring into your classroom directly, or to help you as an educator. In over three years of blogging, we have pulled content from over 500 different sources so we truly are adept at finding those "needles in the haystack." Since the blog represents almost 20%...

More Infographics!!!! NGPF Partners with Visual Capitalist on Wealth 101 Project

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Feb 26, 2018
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Personal Finance, Financial Literacy, Research, Current Events
I'm excited about our newest initiative with Visual Capitalist (VC) that we are calling Wealth 101. As readers of the NGPF Blog, you know how often we use Visual Capitalist infographics to explain challenging concepts. Through this partnership, VC will be creating a series of infographics and a few videos so educators will have another tool in their toolbox to engage their students. Here's more on the rationale behind Wealth 101: Wealth 101 is the personal finance course you’ve always...

Schools in the News

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Jan 23, 2018
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Schools In News, Current Events, Entrepreneurship, Financial Literacy
Financial literacy a key to readying high school students for life (The Frederick News-Post) A $2 Slurpee once cost John Yoho $35. A young man not much older than the students he now teaches, Yoho found out the difficulties of personal finance the hard way: by making mistakes. “A lot of it was by trial and error,” Yoho said. “You don’t know what over drafting your bank account is until you go buy a $2 Slurpee and find out you don’t have the money in your...

Question of the Day: How much does a lack of financial knowledge cost Americans annually (in $)?

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Jan 07, 2018
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Question of the Day, Current Events, Financial Literacy, Research
Answer: Over $1,171 per person (or $280 billion in the aggregate) I thought this would be a good opening question for students to ponder during the first days of the semester. It gives them a concrete reason that your finance class is so important: It can save them money!!! I think this number is on the low side given that it was self-reported. Think of all the ways that lack of financial education costs Americans without them even realizing it: higher borrowing costs due to low credit scores,...

Schools in the News

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Jan 04, 2018
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Schools In News, Employment, Lesson Idea, Behavioral Finance, Career, Financial Literacy
'Adult for a day' — non-profit's simulated town hands kids the keys to a city (CommercialAppeal) Like any good mayor, Rosalinda Macario Rivera always knows what's happening in her town. "I have to watch everyone at the same time," she says, darting around her City Hall office and her town attending to issues both logistical and financial.  And if you work for her, don't think for a minute the smile that covers half her face means you're off the hook for not doing your job....