Group items tagged

Expansion of the internet and market innovation have lead to national economies and the deregulation of banking with a changing economy. In an ever changing economy like the United States individuals must constantly keep updated and improve their level of financial literacy, be aware of changes in personal finances and demography and obtain current knowledge of mortgage lending practices. Financial literacy programs such as first time homebuyer programs, basic financial literacy programs, and savings initiatives have been established through private and public funding to increase the financial literacy of the public. The effectiveness of some of these programs has not been concluded, however, individuals have stated that after completing the programs they felt much more confident in making investments.

An increasingly complex and challenging financial world is facing our nation's youth. Elizabeth Johnson takes a look at the disadvantages that our lower income youth have in regards to financial knowledge and access to learning. Though there has been a rising awareness of the importance of financial literacy among the youth, there needs to be an equal interest in our disadvantaged youth and the access that they are given to improve their financial literacy. The paper addresses building financial capability through learning by doing. It also shares several innovative ideas such as having youth-ran school banking programs. In addition it talks about the successes of Junior Achievement programs addressing economic concepts.

The article suggests planning financial literacy programs for students. Furthermore, the author shares with the reader that that there are laws in Oklahoma, Colorado, and other states requiring high school students to show financial literacy in order to graduate. In addition the article shares that Capital One has created branch banks operated by students at several schools as well as the National Endowment for financial education has created a personal finance curriculum that can be integrated into regular school curriculum. Research suggests that personal finance courses have not improved student financial literacy. Lewis Mandell suggest that students should be taught about finance and savings at an earlier age than high school.

Synder outlines an initiative by CPAs around the country to promote financial literacy and improve Americans' wellbeing. Examples of the programs include a one-day workshop for high school seniors to discuss subjects such as credit cards, owning a home and buying a car. The goal is to bring real world applications to teach students about financial literacy. The programs also aim to help military personnel and their families when a parent is deployed, or a unique situation arises that impacts their finances. The author effectively demonstrates how CPAs across the country are taking action to aid in the development of healthy financial habits. Unfortunately, there is no information regarding the effectiveness of these programs and more information is needed.

Beverly shares the importance of improving and focusing on the expansion of financial education practices in regards to our countries youth. Students may underestimate the need for financial education. The recommendation for social workers is to encourage the incorporation of financial education in the elementary and middle school curriculums as well as high school. Beverly believes that to ensure universal access, financial education should be a mandate for high schools. The integration of financial education into school curriculums has been recommended by the U.S. Office of Financial Education.

Morton, Heather. "Private Efforts To Help Financial Literacy." State Legislatures 33.5 (May 2007): 24-24. Academic Search Complete. EBSCO. Roesch Lib., U. of Dayton, Dayton, OH. 16 Mar. 2009.

The article focuses on the hard work of some financial institutions to help improve financial education in the U.S. These include money skills, and interative curriculum created by the American Financial Services Association Education Foundation, the Credit Union National Association, together with the National Endowment for Financial Education, and Visa, with the Federal Reserve Bank of Chicago.

The article focuses on the hard work of some financial institutions to help improve financial education in the U.S. These include money skills, and interative curriculum created by the American Financial Services Association Education Foundation, the Credit Union National Association, together with the National Endowment for Financial Education, and Visa, with the Federal Reserve Bank of Chicago.

The source takes a firm stand on the debated issue concerning a regulated or unregulated market. The position taken is in support of an unregulated market as long everyone can make fully informed decisions in it. This source can be used to show that education can act in place of regulation and form a stronger economy.