Financial Education for a New Generation Powerpoint


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  • Hay thanks for the posting , this kind of education strategy should be implemented by all country , i Hope no one required to borrow cash by apply a loan, If you want to apply for education loan then visit : - loan in minutes @
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  • To quote Arthur Levitt, former chairman of the New York Stock Exchange, “The U.S. Economy is the eighth wonder of the world. American’s ignorance of it is the ninth.” In a nation where 1.5 million families filed for personal bankruptcy, the need for personal financial literacy is apparent. Today’s teenagers, in adulthood, will be required to take more responsibility for managing their finances than people of any previous generation. The corporate pension plans and generous employee benefits enjoyed by the parents of today’s youth likely will not exist, and saving for long-term goals such as retirement, will be up to each individual. Those who understand financial planning concepts and investment principles will have a significant advantage over those who do not. Yet fewer than 30 percent of young Americans are given the opportunity to take as much as one week’s course in money management or personal finance in high school. Research has shown that as little as 10 hours of personal financial education positively affects students spending and savings habits.
  • In addition to these statistics, here are some other key facts regarding today’s teens: No fixed expenses No need to plan for future financial goals No incentives to track income and expenses Received $50/week from parents 21% carry credit cards, one in three have an ATM card Today’s high school graduate stands to earn over $1 million in adulthood—without adjusting for inflation
  • In talking with teachers and school administration, many are not aware of the recent updates in state legislation that will directly affect the courses that are being offered relating to youth financial education. It is our job as extension educators to spread the word.
  • The best way to plan a training like this is to start with the superintendent/principal. Once we have their support it will be easier to get the teachers on board for the training sessions.
  • These align directly with the states standards so therefore the classroom teachers can use 1 set of curriculum instead of several to achieve the same goal.
  • The NEFE HSFPP has been developed to alert, inform, and educate high school students about sound money management skills and the financial planning process. The program is offered by the National Endowment for Financial Education in partnership with: The USDA Cooperative State Research, Education, and Extension Service The Credit Union National Association, Inc and America’s Credit Unions.
  • The same format will be followed for the teacher trainings. One day sessions from 9-3. If you are in a smaller county, you may want to partner up with a neighboring county to get better attendance and team teach the session. In addition, please feel free to use outside “experts” to assist in the presentation.
  • These outline some of the many benefits of the NEFE HSFPP. The flexibility of this program has been one of the favorite features according to teachers who are currently using it. They can add in activities to make this last as many weeks as they want or keep it short and sweet by only covering the basics.
  • Unit 1 is the foundation for the entire program. If there are teachers that want to use this as a short concise program, they definitely need to cover Unit 1 a little more in depth because it is the building block for all the other units
  • Note: Go to NEFE homepage and navigate to HSFPP site. Look at teacher and student pages—game, activities, ppt, etc.
  • Updated instructor portal
  • Student portal
  • Parents Portal
  • Game available from Ann Berry
  • These experts are available in your counties….make sure you take advantage of their knowledge and have them lead part of the teacher training.
  • Make sure the teachers in your counties are aware of the JumpStart conference. We will have a NEFE exhibit there as well. And an HSFPP session.
  • If you are not signed up for this “train the trainer” workshop, please do so. We need final numbers by May 1 st so don’t delay! Also, if you need help in setting up a teacher training please call either Ann Berry or Sarah Taylor and we will be happy to assist you in the details.
  • Financial Education for a New Generation Powerpoint

    1. 1. Financial Education for a New Generation What’s all the BUZZ about?
    2. 2. <ul><li>“ The U.S. economy is the eighth wonder of the world. Americans’ ignorance of it is the ninth.” </li></ul>Arthur Levitt Former chairman, New York Stock Exchange
    3. 3. Today’s teens… <ul><li>In a recent survey, fewer than half of teens polled understood how to budget. </li></ul><ul><li>Entering college freshmen have an average debt of $1,500 on personal credit cards. </li></ul><ul><li>The average credit card debt for college seniors is $2,864; a 48% increase from college freshmen. </li></ul><ul><li>The average debt of graduating college seniors including student loans is $20,000. </li></ul><ul><li>Americans under age 25 are filing for bankruptcy faster than any other age group. </li></ul>
    4. 4. Have you heard the news? <ul><li>Youth financial education is now a requirement in public high school curriculum. </li></ul><ul><li>Updated programs reflect changes in state standards. </li></ul><ul><li>Multiple resources available at no charge. </li></ul><ul><li>Support staff includes national partners, local experts and Extension educators. </li></ul>
    5. 5. SB3741/HB3753 <ul><li>What is it? </li></ul><ul><li>How will it affect TN teachers and students? </li></ul><ul><li>How will it affect 4-H agents? </li></ul><ul><li>Who can teach it? </li></ul><ul><li>What are the learning expectations? </li></ul><ul><li>What programs are available? </li></ul>
    6. 6. What is it… SB3741/HB3753 <ul><li>2006 Legislative Session </li></ul><ul><li>Signed by the Governor </li></ul><ul><li>Summary: Program of instruction for public high schools on the elements of personal finance and financial literacy. </li></ul>
    7. 7. How will it affect… <ul><li>Teachers: </li></ul><ul><li>Defined content areas meeting established State standards </li></ul><ul><li>Free training and material </li></ul><ul><li>Students: </li></ul><ul><li>Subject area covers: </li></ul><ul><ul><li>Income </li></ul></ul><ul><ul><li>Money Management </li></ul></ul><ul><ul><li>Spending and Credit </li></ul></ul><ul><ul><li>Savings and Investing </li></ul></ul>
    8. 8. How will it affect… <ul><li>4-H Agents: </li></ul><ul><li>Opportunity to train teachers </li></ul><ul><li>Great resource for club meetings and classroom presentations </li></ul>
    9. 9. Who can teach it? <ul><li>To meet State standards course will be: </li></ul><ul><li>Taught by any licensed secondary teacher </li></ul><ul><li>Focused on grades 9-12 </li></ul><ul><li>One semester in duration (1/2 Carnegie unit) </li></ul>
    10. 10. What are the learning expectations? <ul><li>Design personal and household budgets. </li></ul><ul><li>Simulate use of checking and savings accounts. </li></ul><ul><li>Demonstrate knowledge of finance, debt & credit management. </li></ul><ul><li>Evaluate and understand insurance and taxes. </li></ul>
    11. 11. NEFE HSFPP
    12. 12. A Winning Combination Bringing Financial Education to the Nation’s Youth
    13. 13. HSFPP Training Model <ul><li>Training to be conducted across the state for agents and teachers during the summer and early fall. </li></ul><ul><li>Can be individual or team-teaching sessions. </li></ul><ul><li>Session time: 9-3 </li></ul><ul><li>See sign up sheet!!!! </li></ul>
    14. 14. NEFE High School Financial Planning Program <ul><li>FREE! </li></ul><ul><li>Easy to implement </li></ul><ul><li>Can be taught in as few as 10 hours </li></ul><ul><li>Flexible format that teachers like </li></ul><ul><li>Proven to change students’ knowledge, actions and self-confidence around money </li></ul><ul><li>Strictly educational in nature </li></ul>
    15. 15. Areas of focus: <ul><li>Unit 1: Your Financial Plan </li></ul><ul><li> -Where It All Begins </li></ul><ul><ul><li>Unit 2: Budgeting </li></ul></ul><ul><ul><li> -Making the Most of Your Money </li></ul></ul><ul><ul><ul><li>Unit 3: Investing </li></ul></ul></ul><ul><ul><ul><li> -Making Money Work for You </li></ul></ul></ul><ul><ul><ul><ul><li>Unit 4: Good Debt, Bad Debt </li></ul></ul></ul></ul><ul><ul><ul><ul><li> -Using Credit Wisely </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Unit 5: Your Money </li></ul></ul></ul></ul><ul><ul><ul><ul><ul><li> -Keeping It Safe and secure </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li> Unit 6: Insurance </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li> -Protecting What You Have </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Unit 7: You Career </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li> -Doing What Matters Most </li></ul></ul></ul></ul></ul>
    16. 16. Instructor Resources <ul><li>Manual </li></ul><ul><li>Instructor Website </li></ul><ul><li>Supplemental learn by doing activities </li></ul><ul><li>Tests </li></ul><ul><li>Glossary </li></ul><ul><li>Dr. Ann Berry </li></ul><ul><li>218 Morgan Hall </li></ul><ul><li>University of Tennessee </li></ul><ul><li>Knoxville, TN 37996-4501 </li></ul><ul><li>865.974.8745 </li></ul><ul><li>[email_address] </li></ul><ul><li>Sarah Taylor </li></ul><ul><li>218 Morgan Hall </li></ul><ul><li>University of Tennessee </li></ul><ul><li>Knoxville, TN 37996-4501 </li></ul><ul><li>865.974.6074 </li></ul><ul><li>[email_address] </li></ul>
    17. 17. Other NEFE Resources <ul><li>Curriculum </li></ul><ul><ul><li>http:// </li></ul></ul><ul><ul><li> </li></ul></ul><ul><li>Success Street Sweep (Interactive game) </li></ul><ul><ul><li> </li></ul></ul><ul><li>Web-Based Training </li></ul><ul><ul><li> </li></ul></ul><ul><li>Teen Resource Bureau </li></ul><ul><ul><li> </li></ul></ul>
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    22. 22. NEFE Teen Resource Bureau <ul><li> </li></ul>
    23. 23. Money $peaks <ul><li>Helping Teens </li></ul><ul><li>and Parents </li></ul><ul><li>Communicate </li></ul><ul><li>about Money </li></ul>
    24. 24. 4-H Financial Education Club Meeting Programs <ul><li>Grades 4-6 </li></ul><ul><li>Grades 7-12 </li></ul>
    25. 25. <ul><li>Educational game </li></ul><ul><li>Questions based on NEFE material </li></ul><ul><li>Game can be customized to use with other curriculum </li></ul><ul><li> Bill Gates Chairman/CEO </li></ul><ul><li> Microsoft Corporation </li></ul>
    26. 26. Community Resources… Get Everyone Involved <ul><li>CPA’s </li></ul><ul><li>Certified Financial Planners (CFP’s) </li></ul><ul><li>& Financial Advisors </li></ul><ul><li>Insurance Agents </li></ul><ul><li>Banks & Credit Unions </li></ul><ul><li>Junior Achievement </li></ul><ul><li>Non-Profit Agencies </li></ul><ul><li>Other Government Agencies </li></ul><ul><li>-HUD, Social Security Administration, Dept of Labor etc. </li></ul><ul><li>Retired Professionals </li></ul>
    27. 27. Join Us! <ul><li>TN Jump$tart </li></ul><ul><li>Teacher Conference </li></ul><ul><li>June 20-22, 2007 </li></ul><ul><li>Gatlinburg, TN </li></ul>
    28. 28. Now what? <ul><li>May 10 th agent training </li></ul><ul><li>SIGN UP!!! (sheets in back of room) </li></ul><ul><li>Schedule a teacher training in your county </li></ul>