State Farm contribution impacts financial education April is Financial Literacy Month and the Economics Center is pleased to announce a partnership with State Farm® for Money Savvy Kids. The Money Savvy Kids program will equip 50 teachers with the knowledge, resources, and confidence needed to facilitate personal finance instruction in classrooms and impact 1,500 local elementary students. It is time to raise the importance of financial education and we need to start educating our youth earlier to prepare them for a successful future. Last spring, the FINRA Investor Education Foundation (FINRA Foundation) released its results of America’s State-by-State Financial Capability Survey. Ohio ranked in the bottom five states. The level of financial capability of our citizens is too low. Raising that capability benefits us all, as we develop a more stable financial base, making this not only an education issue, but also an economic development issue. While our society’s recent financial and credit crisis had many causes, it is undeniable that financial illiteracy played a huge part in it. Far too many individuals lack the basic skills necessary to develop and maintain a budget, to understand credit and investments, or to effectively use our banking system. There is a critical need to lay a foundation of economic and financial education in classrooms at an early age; it will positively impact students’ decision-making skills and habits. The Money Savvy Kids program equips teachers with the knowledge, resources, and confidence needed to facilitate personal finance instruction in classrooms. State Farm® will train educators on specific content in the program related to risk, goal setting, financial stability, etc. State Farm’s® mission supports building safer, stronger, and better educated communities and has a rich history of giving back and supporting the Economics Center and its work in the community. Many teachers have not taught financial education in the past and rely on community partners to share their expertise on these topics. Teachers will learn how to integrate financial education into the Common Core, state-mandated academic standards, through a nationally recognized curriculum called Financial Fitness for Life. This curriculum is comprised of lessons aligning with the following four themes: earning income, saving, spending and credit, and money management. This program is designed to emphasize important 21st century skills such as critical thinking, creativity, and collaboration. Contributed By: Jaclyn Smith | Economics Center for Education & Research
Posted on: Fri, 25 Apr 2014 13:19:44 +0000
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