Preparing our children with real life skills they need to succeed: the reason to support economic and personal finance education
“Financial education supports not only individual well-being, but also the economic health of our nation.”
Ben S. Bernanke, Federal Reserve Chairman, August 7, 2012
Our global economy has become more complex expanding the gap between what individuals need to know and what they actually know. At the same time, our citizens will increasingly be responsible for their own financial future, yet many do not understand basic concepts. Research shows: Financial education is a key predictor of financial knowledge and financial knowledge is a key predictor of financial behavior. This is why the Massachusetts Council on Economic Education has a special challenge: our state is one of the few in the country that does not require economics or personal finance to be included in the current curriculum. There are several school districts that offer these courses, but the quality of the programs and competence of the instructors varies widely. Encouraging all school districts to offer these important subjects and making sure teachers are competent and confident in economics and personal finance are our top priorities.
As an affiliate of the New York-based Council for Economic Education, we have access to their highly regarded economics and personal finance educational resources. In 2011 CEE trained more than 55,000 teachers who were able to share their knowledge with 5 million students. More than 5,500 high school students annually enter CEE’s National Economics Challenge
Join us in our effort to make economic and financial literacy a priority in all of our schools, and help us educate our young people about an economy they will work in, benefit from, and ultimately, inherit.
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