| 9/3/08 | High School Teachers Say Students Need More Preparation for Financial Decisions |
|
Market Watch via PRNewswire
|
| According to a new public opinion survey by AWARE, 97 percent say schools should teach vehicle financing and other financial literacy topics; 72 percent of teachers say students who are old enough to purchase a vehicle are ill-equipped to handle the car-buying process because of a poor understanding of personal finances. The teachers identified several topics they thought were of particular importance including acquiring a student loan, negotiating and financing a vehicle purchase, and negotiating and acquiring financing for a home. "A recent survey by the Jump$tart Coalition shows that financial literacy scores among high school youth have actually declined in the past two years, and with so many of these students eager to get their first set of wheels it isn't surprising that more than nine out of 10 of teachers feel that vehicle financing is an important subject to teach in the classroom," said Eric Hoffman, a spokesperson for AWARE. "Teaching personal finance topics in school is a great way to ensure bright financial futures for these young adults." |
| |
| 8/14/08 | Editorial - Less Than Golden Years |
|
New York Times
|
| Even before the housing bubble, the country was facing a retirement crisis, with most Americans saving too little, if anything, for their post-working years. The housing bubble and subsequent bust have made that bad situation worse. ... Millions of Americans will not be able to recover their equity or build their savings in time to have a secure retirement. The sooner lawmakers and employers respond to this crisis with legislation and education the better the chances for limiting the damage. |
| |
| 4/29/08 | Financial Literacy (column) |
|
Congressman Geoff Davis - Fourth District Report
|
| Since April is Financial Literacy month, Congressman Geoff Davis shares some tools to help you better understand your finances and protect yourself against identity theft. These tools include free credit reports, parents educating children and resources on the Kentucky Jump$tart Web site and at www.mymoney.gov.
|
| |
| 4/29/08 | Learning financial literacy |
|
Reuters (Sri Lanka Daily Mirror)
|
| The financial services companies would like you to know that April is Financial Literacy Month.
Americans, they say, are fiscal illiterates who spend more time learning box scores than they do reading the small print on their credit card bills. That, as a nation, we don't understand how our money is saved, spent or invested -- and that we pay a hefy price for our ignorance.
They may have a point, but isn't it also sort of their fault?
Financial services companies are more difficult to understand than car mechanics or surgeons, according to a new survey. And most of the time, when those self-same companies try to "teach" financial literacy, what they're really telling you is why you should buy their product over somebody else's.
It's hard to learn when you don't know whether you can trust your teacher.
But persevere anyway. Folks who remain uninformed about finance tend to subsidize everybody else by paying high fees and investing in bad products. And there are some good, impartial sources of information out there. Take it slow, and by next April you'll know way more than you know now.
Here's how to become a self-taught financial whiz. |
| |
| 4/23/08 | Finance 101: High Schooler vs. You |
|
Lexington Herald-Leader
|
| Are you smarter than a high-school senior when it comes to finances? About 7,000 high-school seniors in 40 states who recently took part in a financial literacy survey could answer only 48.3 percent of questions correctly, on average. (Includes four survey questions so you can test yourself.) |
| |
| 4/9/08 | High School Seniors Get 'F' in Finance |
|
Associated Press
|
| Young people's financial know-how has gone from bad to worse. High school seniors, on average, answered correctly only 48.3 percent of questions about personal finance and economics, according to a nationwide survey released Wednesday by the Federal Reserve. That was even lower than the 52.4 percent in the previous survey in 2006 and marked the worst score out of the six surveys conducted so far. |
| |
| 4/9/08 | Speech: The Importance of Financial Education and the National Jump$tart Coalition Survey |
|
Board of Governors of the Federal Reserve System
|
| Speech delivered by Federal Reserve Chairman Ben S. Bernanke at the Jump$tart Coalition for Personal Financial Literacy and Federal Reserve Board Joint News Conference in Washington, D.C. The speech serves as a briefing on the results of the Jump$tart Coalition's biennial financial literacy survey of America's high school seniors. |
| |
| 2/19/08 | Flagging Economy Propels Financial Education |
|
Education Week
|
| Financial education experts have been advocating teaching students economics and personal-finance skills for decades. But while they have seen progress in getting those lessons into the nations high schools, concerns about the foundering economy are helping to highlight the need to improve students understanding of money matters. |
| |
| 1/27/08 | Increasing financial literacy: What you don't know can hurt you |
|
LA Times
|
| Financial illiteracy has become the new redlining. Vast numbers of us go to college and own homes and cars. But we don't know how to budget for our households or how to balance our checkbooks. |
| |
| 1/22/08 | President Bush Announces President's Advisory Council on Financial Literacy |
|
The White House
|
| President Bush signed an executive order establishing the President's Advisory Council on Financial Literacy. People from the business world, the faith world and the non-profit world have joined council in order to come up with recommendations as to how to better educate people from all walks of life about matters pertaining to their finances and their future. |
| |
| 4/30/07 | Financial Literacy Now on the National Agenda |
|
Operation HOPE, Jump$tart and others
|
| A group of seven leading financial literacy experts, representing a variety of local, national and international organizations, met with President George W. Bush and key members of his Cabinet last week to discuss the need for action to improve financial literacy in America. The Presidents meeting with financial literacy leaders, held during National Financial Literacy Month, represents the first time in U.S. history that a sitting President has called a meeting on financial literacy as a national priority in and for America. |
| |
| 4/25/07 | President Bush Participates in Meeting on Financial Literacy |
|
The White House
|
| |
| 4/6/07 | Promoting Financial Literacy |
|
The Courier-Journal
|
| An opinion piece by Bradford Cummings recaps the national and Kentucky results of the National Financial Literacy Survey distributed by the Jump$tart Coalition. |
| |
| 11/1/06 | Interim Joint Committee on Education - Minutes of the 4th Meeting of the 2006 Interim |
|
2006 Interim Legislative Record, Vol. 19, No. 6
|
| The Legislative Record is the newspaper of the Kentucky General Assembly and records the minutes of meetings during the interim. Jump$tart members presented to the Education Committee during the 2006 interim. |
| |
| 5/24/06 | Testimony of Chairman Ben S. Bernanke |
|
|
| Testimony of Chairman Ben S. Bernanke
Financial literacy
Before the Committee on Banking, Housing, and Urban Affairs of the United States Senate
May 23, 2006 |
| |
