Wondering what's new in the world of financial education? You've come to the right place. This is your one-stop destination for financial literacy news and Pathway to Financial Success updates and articles.
Discover Press Releases
Discover Financial Services and Discovery Education Unite to Empower High School Students to Take Control of Their Financial Futures
In an effort to bring financial education into more classrooms and promote fiscal responsibility among high school students, Discover Financial Services, a recognized leader in the financial education space, and Discovery Education, the leading provider of digital content and professional development for K-12 classrooms, today announced their collaboration to launch Pathway to Financial Success in Schools.
Discover unveils ultimate one-stop website to answer the most important questions about college
The newest college planning resource for high school parents, students and guidance counselors, CollegeCovered.com, features compelling multimedia editorial content, insider tips and interactive tools to inform the college planning process and empower smart financial decision making.
Online daters say a good credit score is more attractive than a fancy car
Online daters might have better luck finding Mr. or Ms. Right if they swap out the profile picture of their expensive car with an image of their credit score, according to a recent survey by Discover and Match Media Group.
Financial literacy news
Youth benefit from early financial education
Denver Business Journal
November 01, 2017 – Many young people grow up unprepared to face a world where they are increasingly in charge of their own financial well-being. A June 2015 assessment by the National Endowment for Financial Education, “Overconfident and Underprepared: The Disconnect Between Millennials and Their Money,” noted that this generation is in a “fragile” financial position compounded by their well-publicized educational debt. The report calls for greater access to financial education.
At this high school, personal finance courses are required for graduation
October 31, 2017 – Traditionally, students must complete math, English and science credits to graduate from high school. At Oconomowoc High School in Wisconsin, seniors must now also learn about 401(k)s before they earn their caps and gowns. Starting with this year’s freshman class, personal finance will be a required course for students at Oconomowoc High School. The nine-week class meets for 90 minutes every weekday, and students earn a half credit for passing. Using data from financial trends, the curriculum has been designed to help students with issues they will face in the real world, including taking out and paying off student loans, using credit cards, reading and signing leases, plus investing and saving.
Should K-12 schools teach financial literacy? The answer is yes–here’s how
October 31, 2017 – Wherever schools are on the financial literacy education continuum, selecting the right resources can help them make progress. Financial literacy, and the role of K-12 schools in promoting it, is getting lots of attention these days. To date, some states have developed standards for teaching financial literacy, but where do schools turn for resources to implement those standards and who do they turn to for advice on what aspects of money management they should teach and when?
Chicago’s St. William School benefits from financial literacy lesson
October 26, 2017 – It’s never too early to start working on financial literacy. That’s why Allison Bartels, compliance officer at Oak Brook, Ill.-based Leaders Bank, enjoys sharing her knowledge with local school students. A bank’s drive to improve financial literacy isn’t limited to working with their own customers. Many banks participate in community-based financial literacy programs to train the community at large about banking and finance, Bartels says. Those efforts strive to educate youth about personal finance to ready them for entry into the work force. The educational effort extends to adults as well.
The importance of financial literacy for a secure future
The Washington Post (Sponsor Content from US Bank)
October 26, 2017 – The piggy bank is still most kids’ initial introduction to saving money. I bought each of my children their own piggy bank when they were babies. As a parent, I know the critical role I play in teaching important money lessons, and it doesn’t stop with the piggy bank. It gets more challenging as children come of age and start asking questions about credit, investments and even retirement.
How financially literate are you really? Let’s find out
The Wall Street Journal
October 19, 2017 – There’s a financial-literacy crisis in the U.S. And it is probably even worse than it seems. Even if people know financial facts, they often don’t understand why they may be investing the way they do, and what their behavior means for their current and future well-being.
Our Opinion: An education gap in financial literacy
The Berkshire Eagle
October 12, 2017 – A variety of studies conducted over the last couple of years on the financial acumen of young people arrived at the same basic conclusion—they don’t know enough. It’s a problem for them individually, and as they move into a financially complex world they will come to dominate demographically, it’s a potential problem for the nation itself. In a 2016 study by PricewaterHouseCoopers and George Washington University of 5,500 millennials born between the early 1980s and the mid-1990s, only 5 percent answered five out of five questions related to financial literary and only 24 percent got three correct.