To help us break down the ABCs of financial literacy, we’re joined by Nan Morrison, President and Chief Executive Officer of the Council for Economic Education.
The Council for Economic Education’s mission is to teach K-12 students about economics and personal finance. The goal is to reach and teach every child in every district and school so that they can make better decisions for themselves, their families and their communities.
The global economy has become so complex that the gap between what people know about economics and personal finance, and what they need to know, is widening every day.
Americans are increasingly responsible for their financial future; yet an alarming number lack even basic economic awareness. Only 43% of 12th grade students tested at or above proficient on the most recent National Assessment of Educational Progress economics assessment, and American teenagers fall in the middle of the pack globally in financial literacy.
Many parents are ill-equipped to instruct their children in economics and personal finance, and teachers, too, are often unprepared to impart this essential knowledge.
That’s why more than ever we need to be passionate about educating young people about an economy they will work in, benefit from, and ultimately, inherit.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.