laura ewing president/ceo 1801 allen parkway, houston, tx 77019 p: 713.655.1650 f: ...
DESCRIPTION
Helping young people learn to think, choose, and make better economic and financial choices in a global economy. Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 [email protected] www.economicstexas.org - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/1.jpg)
Laura EwingPresident/CEO
1801 Allen Parkway, Houston, TX 77019
P: 713.655.1650 F: 713.655.1655
Laura@economicstexas.orgwww.economicstexas.orgWWW.smartertexas.org
Helping young people learn to think, choose, and make better economic and financial choices in a global economy
![Page 2: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/2.jpg)
The Texas Council on Economic Education (TCEE)Teaches Teachers
Who Teach StudentsWho Are the Future of Texas
--John Anderson, TCEE Board Member
![Page 3: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/3.jpg)
Staff Development
• Economics
• Entrepreneurship
• Career/Business
• Financial Literacy
Playful Economics
![Page 4: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/4.jpg)
Three Student ProgramsDirectly Reach 27,000 students annually
Stock Market Game™Economics Challenge
Personal Financial Literacy (PFL) Challenge
![Page 5: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/5.jpg)
Why care about economic and financial literacy education?
![Page 6: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/6.jpg)
![Page 7: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/7.jpg)
Why educate students how to budget? (The following statistics published May 21, 2011 by www.economywatch.com)
• Total U.S. consumer debt in 2010: – nearly $2.4 trillion – $7,800 debt per person
• 2 – 2.5 million Americans seek the help of a credit counselor each year to avoid bankruptcy.
On average, clients seeking financial counseling were • $43,000 in debt of which $20,000 was consumer debt • $8,500 was revolving debt (such as credit card debt).
![Page 8: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/8.jpg)
Why is there a need to teach personal financial literacy?
• “Student Loan Debt Exceeds Credit Card Debt in U.S.” —September 10, 2010 USA Today article
– “The total student loan debt is approximately $850 billion.”
– Consumers owed $828 billion in revolving credit, including credit card debt, according to July 2010 seasonally adjusted numbers given in Federal Reserve Bank report
![Page 9: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/9.jpg)
Why encourage young people to save?Elliott and Beverly in the paper The Role of Savings and Wealth in Reducing Wilt Between Expectations And College Attendance (2010) state that -
•when a savings account is set up for students, they are 4 times more likely to go to college.
•if students have a savings account in their name, they are 7 times more likely to go to college.
![Page 10: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/10.jpg)
• “I do know that kids have even fewer experiences with money than ever before. The days of sending lunch money and ice cream money are gone. Everything is put into an account for the kids at school. Then all they see is their parents using plastic even to pay for a drink at Sonic! Children truly don’t have a sense of money and using it wisely for their needs.” —Valerie Johse, Retired Elementary Math Specialist in Pearland ISD
$51 billion worth of fast food was charged to credit cards in 2006, compared to $33.2 billion the previous year.
![Page 11: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/11.jpg)
•What if…• Texas had had Personal Financial Literacy education for the last 30
years? • Could a Smarter Texas have reduced the impact of the recession?
Helping young people learn to think, choose, and make better
economic and financial choices in a global economy
![Page 12: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/12.jpg)
How Do We Build A Smarter Texas?One TeacherOne Student
One ClassroomOne School…At A Time
![Page 13: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/13.jpg)
A FINANCIAL LITERACY PROGRAM SPONSORED BY
Helping young people learn to think, choose, and make better
economic and financial choices in a global economy
www.economicstexas.orgwww.smartertexas.org
![Page 14: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/14.jpg)
The Smarter Texas Program is made possible in part by the Council for Economic Education through funding from the United States Department Education Office
of Innovation and Improvement.
![Page 15: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/15.jpg)
?
So, what does Smarter Texas offer? • PFL Staff Development for senior Economics & Career/Technical Teachers
Concern: too little/too late
• Introduction of PFL at the elementary level• greater depth and breadth at middle school • and then refinement at the high school level
• Support for the new requirements that:– K to 8 mathematics educators incorporate PFL in their instruction– Senior economics educators teach students about alternative methods of saving for
college or trade school
![Page 16: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/16.jpg)
• Resources for lessons?– Financial Fitness For Life– Spiraled Curriculum– As funding available, each teacher receives $83.50 bundle
• Kindergarten – Grade 2• Grades 3 – 5 • Grades 6 – 8 • Grades 9 – 12
![Page 17: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/17.jpg)
Additional Resources for lessons
• Hands On Banking
• Financing Your Future
![Page 18: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/18.jpg)
FLIGHT • More Intensive PFL Content Training
• Speakers on:– Investments– Money and Banking– Investment in College– Federal Reserve Bank– Rent vs. Own Home– Credit Rating and Building– Insurance
FinancialLiteracyIgnitesGreaterHorizons forTomorrow
![Page 19: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/19.jpg)
TCEE and Opportunity Texas Next Goal:
Smarter Texans Save
Long Term Goal for students: • Encourage students to save money for college, trade school, emergencies
• Work with Opportunity Texas to choose one area of Texas to provide matching funding for student savings accounts.
• Change student behavior from just receiving financial literacy to developing financial capability and asset building
![Page 20: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/20.jpg)
What Other Programs Does the
Texas Council on Economic Education
Offer the Students and Teachers of Texas?
![Page 21: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/21.jpg)
Staff Development Annually Reaches1500 teachers and 250,000 new students who learn about:
• Economics
• Entrepreneurship
• Career/Business
• Financial Literacy
Playful Economics
![Page 22: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/22.jpg)
Virtual Economics Training•VE 4.0 CD/Pin Drive with 1400 + lessons•Training in 106 Texas districts with at least one of lowest performing schools in nation (others invited)•Training extended to other interested districts•Funded by State Farm and Council for Economic Education
![Page 23: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/23.jpg)
Economics Challenge• Fall and Spring Online
Testing In Micro, Macro and International Economics
• Adam Smith Division 2nd place national champs
Bellaire HS 2010
• David Ricardo Division 3rd place national champs Plano HS 2010
• State competition all online this year
![Page 24: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/24.jpg)
Personal Financial Literacy Challenge
• Premier Challenge: spring 2011 with campus online testing
• “State Play-Offs” with 20 teams and 10 teachers invited April 2011
• 2011-2012 fall and spring online challenge will determine state finalist
• State Competition all online this year
![Page 25: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/25.jpg)
Texas Regional Competitions• 10 week simulation• Grades 4 through 12• Teams of 2 to 5• Virtual $100,000 to invest• 25,000 Texas students
participate annually• Legislative Challenge• Research indicates
improved math scores on standardized tests
• $10 per team
El Paso Sponsored by FirstLight
![Page 26: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/26.jpg)
• State and national writing competition• Must be a SMG participant• Writing prompts require planning, critical
thinking skills and analysis of lessons learned from the simulation
• 2009 Texas had the national winner
![Page 27: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/27.jpg)
www.economicstexas.org
• Lesson Plans
• Books written by Texas educators integrating economics and financial literacy with math and language arts at theelementary, middle and high school levels
![Page 28: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/28.jpg)
Texas History Through Economics
![Page 29: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/29.jpg)
Economics For Educators, Rev. Ed.Robert Hodgin, Ph.D.,
Economics Professor at UHCL
![Page 30: Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 Laura@economicstexas.org](https://reader036.vdocuments.site/reader036/viewer/2022062411/56816853550346895dde5f22/html5/thumbnails/30.jpg)
Laura EwingPresident/CEO
1801 Allen Parkway, Houston, TX 77019
P: 713.655.1650 F: 713.655.1655
Laura@economicstexas.orgwww.economicstexas.orgWWW.smartertexas.org
Helping young people learn to think, choose, and make better economic and financial choices in a global economy