• SOURCE: National Endowment for Financial Education

Are Schools Making the Grade in Financial Education?



Audio Package, .mp3
ANCHOR LEAD: 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, but less than one third are teaching it. Brian Osuch has more on what we can do as a Nation to get today's youth financially fit. (:60) SCRIPT: Financial Fitness, I'm Brian Osuch. According to a 2014 financial education study, American teens have a ways to go when it comes to their money smarts. President and CEO of the National Endowment for Financial Education or NEFE, Ted Beck… CUT: (Beck) We came in ninth out of eighteen, which is kind of painfully average. But it gave us some great ideas on what we can do to improve those rankings going forward and things we should be doing for our students to be more prepared. SCRIPT: Beck says the financial education of today's youth is a shared responsibility starting at home. CUT: (Beck) Parents are critical, all of our research tells us they are the single most important factor in positive behavior in young adults. So, talk to your children early and often about money. Next, is the schools; we think every school should make financial education available in high school. So, that education can reinforce what you've learned at home. Also, teachers need to be trained. So, we and others have helped develop teacher trainer programs, teacher resources, so we can actually help those teachers be more comfortable in bringing it into the classroom. SCRIPT: For more, go to SmartAboutMoney.org. That's Financial Fitness from NEFE.
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