SOURCE: National Endowment for Financial Education
Are Schools Making the Grade in Financial Education?
As students across the country settle back into the classroom, teachers are prepared to teach the universal three R's: reading, 'riting and 'rithmetic. But most curriculums are missing one critical course—money management.
The National Endowment for Financial Education (NEFE) finds that while nine in ten K-12 teachers agree that students should either take a financial education course or pass a competency test for high school graduation, less than one third are teaching it, and fewer than 20 percent feel competent to teach personal finance topics.
So whose responsibility is it to teach our youth financial education—schools or parents? And does it even work?
NEFE is the architect of a national teacher training initiative and provides a free program for teachers called the NEFE High School Financial Planning Program (www.hsfpp.org).
NEFE also provides tips for parents and youth at www.smartaboutmoney.org