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The future is now for Iowa high school students preparing to be financially capable young adults. During the 2020-2021 school year students will be required to take a semester-course in financial literacy. The FDIC, Iowa Department of Education and other financial literacy providers currently serving Iowa schools will partner to host the Iowa High School Student Financial Education and Economic Mobility Webinar on May 21, 2020 from 3:00-5:00 pm.
During the webinar, the presenters will explore innovative practices and various challenges when implementing a quality financial education curriculum in Iowa high schools, and will herald their successes, as well. These resources will help administrators and teachers establish a high quality financial education curriculum that increases student financial capability and empowers students to succeed as young adults. Register here.
Presenters Include
Greg Housel,
Community Affairs Specialist, FDIC
Stefanie Wager,
Financial Literacy Consultant, Iowa Department of Education
Ryan Osborn,
Executive Director, Junior Achievement of Central Iowa
Kyle Osborne,
Director of Financial Literacy, TS Institute/Iowa Council for Economic Education
Racheal Henry,
Iowa Schools Manager, EVERFI
Mike Sheffer,
Director of Education, The Fool Proof Foundation
Todd Ward,
Associate Director of New Business, Dave Ramsey
Laura Matchett,
Director of Teacher Engagement, Next Gen Personal Finance
Mike Johnson,
Representative, Iowa JumpStart
New Report on Financial Literacy Internationally
This web report provides key comparative information about 15-year-old students in the United States and 20 other education systems that participated in the optional Program for International Student Assessment (PISA) 2018 financial literacy assessment. The web report highlights U.S. student performance in financial literacy in comparison to their peers in the 20 other participating education systems, including 12 other member countries of the OECD.
Performance results are presented as average scores on a scale with a mean of 500 points and standard deviation of 100 and as percentages of students reaching the PISA proficiency levels. In addition to the 2018 results, comparisons are made to earlier PISA financial literacy assessments in 2012 and 2015. The financial literacy web report also includes information about the performance of various student groups, as well as performance differences among them. The full report can be found by going here and clicking on financial literacy.
Survey details Americans’ biggest financial concerns, adjustments during pandemic
By Business Record Staff
According to a new survey released by the National Endowment for Financial Education, nearly 9 in 10 Americans say the COVID-19 crisis is causing stress on their personal finances.
More than half (54%) of Americans say among the top five things causing the most financial stress right now is not having enough saved (41% for emergency savings; 23% for retirement), while 48% say they are worried about their ability to pay bills.
With recent news from the Department of Labor that 1 in 10 Americans is now seeking unemployment benefits, it’s clear that worry about job security could be escalating. The NEFE survey finds that 39% of employed Americans say stress over job security is among their top financial concerns.
The survey was conducted online by the Harris Poll, on behalf of NEFE, April 7-9, among more than 2,000 U.S. adults.
A majority (75%) of respondents said they have taken steps to adjust their personal finances due to the COVID-19 outbreak:
- 42% said they have cut monthly expenses.
- 26% are putting off major financial decisions.
- 22% have increased contributions towards savings.
Just 17% said they have tapped into emergency savings, with 6% saying they have borrowed against retirement savings. Additionally, only 12% said they plan to defer debt payments and 10% said they have taken on more credit card debt.
"This outbreak is an unprecedented event and it’s understandable that Americans from all income levels, ethnicities and regions are concerned about their finances and are taking steps to adjust to their new normal," said Billy Hensley, president and CEO of Denver-based NEFE. "While the strain from this crisis is immense, there should be focus on protecting our financial well-being in addition to our physical health and the safety of our families."
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Junior Achievement Town Hall
Junior Achievement USA recently hosted a panel discussion with CNBC. Panelists included financial literacy experts and students. You can view a recording of the town hall here.
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Next Gen Creates Financial Literacy Documentary
Next Gen Personal Finance recently released a 30-minute documentary on the importance of financial literacy. This would be excellent to show to students and/or to teachers/administrators in your district. You can view the documentary here and a viewing guide here.
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Mimic Personal Finance
You can now get free access to eight lecture videos designed to help you teach personal finance! Each video teaches a different lesson from the Mimic Personal Finance curriculum. They're perfect for teaching online and designed to keep your students engaged with concise lectures, all under 10 minutes.
The lecture videos available in the library are
- 5.3 First Step to Financial Freedom
- 5.4 Second Step to Financial Freedom
- 5.5 Third Step to Finance Freedom
- 5.5a The Eisenhower Decision Principle
- 6.3 Owning a Vehicle
- 6.4 The Car Buying Process
- 7.1a Part 1 - Insurance Basics
- 7.1a Part 2 - Types of Insurance
These represent the topics most requested by educators. To access all the videos or for more information go here.
EVERFI
EVERFI supports schools and families across Iowa with interactive, online financial literacy resources for elementary through high school students. All resources are provided at no cost, thanks to local and national community partners. To get started, check out EVERFI’s remote learning resources for educators and families.
Video Playlist for Parents
Next Gen Personal Finance has put together a video playlist on YouTube that is designed for parents. The playlist includes five videos that cover basic financial literacy concepts using Next Gen resources. You can view the playlist here.
Next Gen Launches New Middle School Curriculum
The NGPF Middle School 9-Week course is perfect for delivering personal finance to your middle school students. Covering 9 units, this course will help your students build core personal finance skills and learn real-world strategies they can use. Through engaging resources and activities, students will practice these skills so they can get started on the right track to effectively manage their personal finances! The newest units are on budgeting and protecting yourself financially. Check out the curriculum here.
Next Gen Personal Finance Online PD
Next Gen Personal Finance has always offered several professional development opportunities for teachers. They have now moved all their professional development online! Topics include financial pitfalls, saving, investing, tech tools + financial literacy, and more. You can view a list of upcoming opportunities here.
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Stefanie Rosenberg Wager
Social Studies Consultant
21st Century Skills- Civic and Financial Literacy
World Languages
Iowa Department of Education
Grimes State Office Building
400 E. 14th Street
Des Moines, IA 50319
Phone: 515-725-7842
Cell: 515-419-2876
Fax: 515-242-5988
Email: stefanie.wager@iowa.gov
Social Studies standards, website, Iowa Core Social Studies, newsletter, calendar, Pinterest
Financial Literacy website, newsletter, Pinterest
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