Transcript Money Skills

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3%
TEENS SPENT
$129 BILLION DOLLARS
ON PRODUCTS AND SERVICES
IN 2008
61%
OF TEENS OBTAIN MONEY FROM THEIR
PARENTS AS A SOURCE OF INCOME
Making the Case for Financial Literacy
• Surge in bankruptcies 1Q 2009 due to recession.
• Every 3 months, 250,000 new families enter into
foreclosure. (Mortgage Banker Association)
• One child in every classroom in America is at risk of losing
his/her home because their parents are unable to pay their
mortgage. (Mortgage Bankers Association)
• Six in 10 homeowners wish they understood the terms and
details of their mortgage better. (Freddie Mac/Roper poll of 2,031 U.S. homeowners.)
• Depending upon the workplace, 30% to 80% of employees
waste work time dealing with personal financial matters, and
it typically amounts to 12 to 20 hours a month.
(Personal Finance Employee Education Foundation)
IT’S FREE!
On-line, interactive course
High School junior and seniors
Teaches personal finance
concepts
 Income
 Expenses
 Saving
 Credit
 Insurance
AGE
BUDGET
• Start working
• Married
• Purchase home
• Retirement
• Housing/Utilities
• Food
• Transportation
• Insurance
• Entertainment
• Designed to be used in
business, economics, math,
social studies or personal
finance
• Self study
• Homework, project outside
class or during class as a
group
• No formal training needed
• Entirely web-based
• Pre- and Post-tests
• Modules
• Life Simulation
• Grade book
Buffalo Statistics – June 200 – Present
Pre-test – 53
Post-test -- 69
Student Enrolled
10,915
Completed
1,535
•
How would you evaluate the curriculum?
Very Good to Excellent
•
How would you evaluate the technology?
Very Good to Excellent
•
How would you evaluate the student
reaction to curriculum and technology?
Good to Very Good
•
What is your overall evaluation of
MoneySKILL?
Very Good to Excellent
•
Do you plan to use again?
96% - Yes
What’s Next?
Curriculum update
Spanish version
Middle School
version
Research
www.moneyskill.org
Phone: 202-466-8611
Contact Person: Susie Irvine