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By Casey McDermott, USA TODAY
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Schwab MoneyWise® Workshop for Teens
Money Matters Make it Count
Jump$tart Teacher Training Alliance
By Casey McDermott, USA TODAY
Virginia joins a handful of states, including Missouri, Utah and Tennessee, that mandate a class in financial education. Similar legislation aimed at improving students' financial literacy has been introduced in Maryland, while several states require teachers to weave personal finance lessons into existing coursework.
Combined with grassroots efforts by non-profits and financial institutions, it's all part of a nationwide push to keep Generation Y from making money mistakes that could haunt them long after they graduate from college.
For younger children, the "Money Matters: Make it Count" partnership between the Boys & Girls Clubs of America and the Charles Schwab Foundation has brought financial literacy lessons to more than 245,000 students since it made its debut in 2004.
"We feel that if you can get kids on the right track at an early age, they're more likely going to be financially successful adults," says foundation President Carrie Schwab-Pomerantz.
The effort extends beyond grades K-through-12. Starting last year, an eight-part course in personal finance became part of the four-year curriculum for Champlain College in Burlington, Vt. Students who don't complete a seminar on time lose their ability to schedule classes for the next semester, says John Pelletier, head of Champlain College's Center for Financial Literacy.
[..]
This month, Champlain and Pelletier hosted the third Jump$tart Teacher Training Alliance pilot this year, which is testing a training model for personal finance teachers.
Laura Levine, executive director of the non-profit Jump$tart Coalition for Personal Finance Literacy, says the pilot program is designed to develop a model that can eventually be used to prepare teachers around the country to tackle financial issues.
[..]
Poor budgeting today could be more costly than ever when it's time to enter the job market. President and CEO of the National Endowment for Financial Education Ted Beck says the "rules of the game" have changed for Shafiq and his peers.
...When he talks about personal finance education, Beck likes to point to the Thorndike Arithmetics textbook as one model that's been used to bring everyday money management into the classroom. The textbook includes sections on calculating interest on loans, understanding insurance rates and making a purchase using an installment plan. The date on the book's copyright page? 1917.
"This is how you learned arithmetic around World War I," Beck says.
"These were skills people needed then, and they're skills that people need now."
Combined with grassroots efforts by non-profits and financial institutions, it's all part of a nationwide push to keep Generation Y from making money mistakes that could haunt them long after they graduate from college.
For younger children, the "Money Matters: Make it Count" partnership between the Boys & Girls Clubs of America and the Charles Schwab Foundation has brought financial literacy lessons to more than 245,000 students since it made its debut in 2004.
"We feel that if you can get kids on the right track at an early age, they're more likely going to be financially successful adults," says foundation President Carrie Schwab-Pomerantz.
The effort extends beyond grades K-through-12. Starting last year, an eight-part course in personal finance became part of the four-year curriculum for Champlain College in Burlington, Vt. Students who don't complete a seminar on time lose their ability to schedule classes for the next semester, says John Pelletier, head of Champlain College's Center for Financial Literacy.
[..]
This month, Champlain and Pelletier hosted the third Jump$tart Teacher Training Alliance pilot this year, which is testing a training model for personal finance teachers.
Laura Levine, executive director of the non-profit Jump$tart Coalition for Personal Finance Literacy, says the pilot program is designed to develop a model that can eventually be used to prepare teachers around the country to tackle financial issues.
[..]
Poor budgeting today could be more costly than ever when it's time to enter the job market. President and CEO of the National Endowment for Financial Education Ted Beck says the "rules of the game" have changed for Shafiq and his peers.
...When he talks about personal finance education, Beck likes to point to the Thorndike Arithmetics textbook as one model that's been used to bring everyday money management into the classroom. The textbook includes sections on calculating interest on loans, understanding insurance rates and making a purchase using an installment plan. The date on the book's copyright page? 1917.
"This is how you learned arithmetic around World War I," Beck says.
"These were skills people needed then, and they're skills that people need now."
Details?
Schwab MoneyWise® Workshop for Teens
Money Matters Make it Count
Jump$tart Teacher Training Alliance