2008 personal financial literacy survey high school performance trends
TRANSCRIPT
1997
57%
2000
51.
9%
2002
50.
2%
2004
52.
3%
2006
52.
4%
2008
48.
3%
0
20
40
60
80
100
2008 Personal Financial Literacy Survey
High School Performance Trends
TEENS SPENT TEENS SPENT
$179 BILLION $179 BILLION DOLLARSDOLLARS
ON PRODUCTS AND ON PRODUCTS AND SERVICES SERVICES
IN 2006IN 2006
58%58% OF TEENS OF TEENS OBTAIN MONEY OBTAIN MONEY FROM THEIR FROM THEIR PARENTS PARENTS AS A SOURCE AS A SOURCE OF INCOMEOF INCOME
New HampshireNew Hampshire
Curriculum:June 2006, the New Hampshire State Board of Education approved the revised NH Curriculum Frameworks in Science and Social Studies to include the grade level expectations for grades K-8 and grade span expectations for high schools.
Curriculum:Ed 306.27(m) identifies 20 credits required for graduation, to include ½ credit of Economics. The revised NH Curriculum Frameworks standard SS:EC:6 specifies that Students will be able to explain the importance of money management, spending credit, saving, and investing in a free market economy.
Status Description:Personal Finance Education provided within Social Studies/Economics Content Standards Required for High School
WHAT IS MoneySKILLWHAT IS MoneySKILL®®??
• On-line, interactive On-line, interactive coursecourse
• High School junior High School junior and seniorsand seniors
• Teaches personal Teaches personal finance conceptsfinance concepts
IncomeIncome ExpensesExpenses AssetsAssets LiabilitiesLiabilities Risk ManagementRisk Management
IT’S FREE!IT’S FREE!
AGEAGE• Start workingStart working• MarriedMarried• Purchase homePurchase home• RetirementRetirement
BUDGETBUDGET• Housing/Utilities Housing/Utilities • Food Food • TransportationTransportation• InsuranceInsurance• EntertainmentEntertainment
LIFETIME SIMULATIONLIFETIME SIMULATION
HOW IS IT INTERESTING TO STUDENTS?HOW IS IT INTERESTING TO STUDENTS?
20-40 minutes a module20-40 minutes a module 12-24 hours for all 34 modules12-24 hours for all 34 modules
HOW LONG DOES IT TAKE TO COMPLETE?HOW LONG DOES IT TAKE TO COMPLETE?
Follows storyline of 3 high school students Follows storyline of 3 high school students – Andrew, Maria, and Jamie– Andrew, Maria, and Jamie
• Designed to be used in Designed to be used in business, economics, business, economics, math, social studies or math, social studies or personal financepersonal finance
• Homework, project Homework, project outside class or during outside class or during class as a groupclass as a group
• No formal training No formal training neededneeded
• Entirely web-basedEntirely web-based Pre- and Post-testsPre- and Post-tests ModulesModules Life SimulationLife Simulation Grade bookGrade book
HOW CAN I USE MoneySKILLHOW CAN I USE MoneySKILL®®??
Changes to CourseChanges to Course
Select specific modules and Select specific modules and order for study order for study
Duplicate modules used in Duplicate modules used in previous classprevious class
Student retake a moduleStudent retake a module Import class roster easierImport class roster easierGradebook shows modules Gradebook shows modules
selected selected View student answers to View student answers to
questionsquestions
Student Changes Student Changes
Easier to readEasier to readList of modules to List of modules to
completecompleteScore for each Score for each
module and module and average score for average score for modules modules completedcompleted
Online surveyOnline survey
Annual Online Teacher SurveyAnnual Online Teacher Survey• Taught in Personal Finance,
Business, Economics, Math and Social Studies.
• 25 percent of the class grade
• Curriculum – Very Good to Excellent
• Technology – Very Good to Excellent
• Student Reaction – Very Good to Excellent
• 98 percent teachers would use again
WHAT ARE THE COMPUTER WHAT ARE THE COMPUTER REQUIREMENTS?REQUIREMENTS?
Interface with PC or MacInterface with PC or Mac Microsoft Internet Explorer Microsoft Internet Explorer
version 6 or higherversion 6 or higher Macromedia Flash Player Macromedia Flash Player
version 8 or higherversion 8 or higher Adobe Acrobat ReaderAdobe Acrobat Reader Broadband Internet Broadband Internet
Connection Connection
All can be downloaded All can be downloaded
FREE OF CHARGE!FREE OF CHARGE!
www.moneyskill.orgwww.moneyskill.orgPhone: 202-466-8611Phone: 202-466-8611
Contact Person: Susie IrvineContact Person: Susie Irvine