Everywhere I turn these days, people are talking about financial literacy.
And heck, why not? We all know how important it is … and how many people are ignoring it despite its importance.
Still, people are talking.
Let's start with the folks on the AECM listserve, who passed along these terrific financial literacy resources in a single post recently:
- A series of “Practical Money Skills” videos from the Federal Reserve Bank of Chicago
- Personal finance links from Trinity University Accounting Professor (Emeritus) Bob Jensen
- MyMoney.gov, a website “dedicated to teaching all Americans the basics about financial education”
- MoneySmart, a financial education program from the Federal Deposit Insurance Corporation
- The Small Business Training Network, featuring some terrific starter resources for small businesses
- Financial Literacy Music, a site that combines written coursework and music “to transform the process of becoming financially literate into a hip and edu-taining process”
- The National Youth Financial Educators Council, whose resources “are designed to meet educational standards while providing ‘real world’ money skills that make a true difference in students' lives”
- Financial literacy resources from the System for Adult Basic Education Support
Beyond that, the AICPA has launched a redesigned version of its “360 Degrees of Financial Literacy” website to offer users a more personalized experience. The new site includes a customizable dashboard “featuring articles and resources to help (users) make informed financial decisions based on their responses to questions pertaining to their life stage and employment status. Visit the new site here.
The cherry on top of this financial literacy sundae, though, is the Gateway Metro Credit Union's newest branch, located in Trinity Catholic High School in Missouri's north St. Louis County. “It's part of the school's effort to get students used to saving money and handling checking accounts,” writes Jim Gallagher in the St. Louis Post-Dispatch. “It also gives student tellers … a taste of the banking business.”
Just across the Mississippi River in Illinois, financial literacy has been a required part of high school education since 1986.
I love what's going on in the Midwest. Financial literacy at any age is good, but the earlier we can teach this stuff, the better.
What's your favorite example of financial education in action?