Financial Education Can Pay Dividends for Youth
According to stats from the National Council on Economic Education, only seven states require high school trainees to take an individual financing course while eight others need courses with individual financing content.
This was from a 2004 survey that also showed just 9 states test individual financing knowledge. These numbers are beginning to change as the state of Missouri joins the fray and will require one-half unit of credit in individual financing guideline for graduation in 2010.
A 2004 nationwide survey by the Jump$tart Coalition for Personal Financial Literacy determined 12th graders’ understanding of fundamental individual financing. Typically, trainees who took part in the survey answered correctly just 52.3 percent of the concerns – an “F” in many high school class.
Financial illiteracy isn’t a problem restricted to trainees. Half of U.S. adults got a stopping working grade for their understanding of fundamental financial concepts, according to the NCEE.
However there is hope in education. The National Endowment for Financial Education has validated that as couple of as 10 hours of class guideline can enhance costs and saving routines.
Because financial literacy is fundamental to individual success and a benefit to society, American Century offers assistance for monetary education.
In cooperation with a premier education specialist, the financial investment manager developed Tips for Kids and Tips for Life, curricula for use in the classroom. To date, these programs have actually been utilized by more than 3,000 teachers in all 50 states. The complimentary programs are delivered via the Internet to teachers and exist to education conferences to assist users execute the programs in their schools.
American Century’s efforts to improve monetary literacy extend beyond the Tips for Kids and Tips for Life programs. Free educational products and tools are available on its Web website. And the details presented in American Century creator James E. Stowers’ “Yes You Can …” book series is created to share the individual experiences and ideas that assisted him become successful.
Educating today’s trainees on fundamental financial principles will pay dividends in the future because they are tomorrow’s social, political and financial leaders.
In cooperation with a premier education expert, the financial investment manager developed Tips for Kids and Tips for Life, curricula for usage in the class. The free programs are provided through the Internet to teachers and are presented to education conferences to assist users carry out the programs in their schools.
American Century’s efforts to improve monetary literacy extend beyond the Tips for Kids and Tips for Life programs.