TEENS SPENT $129 BILLION DOLLARS ON PRODUCTS AND SERVICES IN 2008.

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Presentation transcript:

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)

On-line, interactive course High School junior and seniors Teaches personal finance concepts  Income  Expenses  Saving  Credit  Insurance IT’S FREE!

AGE Start working Start working Married Married Purchase home Purchase home Retirement Retirement BUDGET Housing/Utilities Housing/Utilities Food Food Transportation Transportation Insurance Insurance Entertainment Entertainment

Designed to be used in business, economics, math, social studies or personal financeDesigned to be used in business, economics, math, social studies or personal finance Self studySelf study Homework, project outside class or during class as a groupHomework, project outside class or during class as a group No formal training neededNo formal training needed Entirely web-basedEntirely web-based Pre- and Post-testsPre- and Post-tests ModulesModules Life SimulationLife Simulation Grade bookGrade book

Pre-test – 53 Post-test Buffalo Statistics – June 200 – Present Student Enrolled 10,915Completed1,535

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

Curriculum update Spanish version Middle School version Research What’s Next?

Phone: Contact Person: Susie Irvine