Is Gen Edge More Money-savvy than its Parents?
What are the implications of the Great Recession of 2008 for the money skills of future generations? Never mind the Baby Boomers, Generation X or the Millennials (aka Generation Y). Make way for Generation Z, the upcoming generation – the children of the Great Recession, whom some also call “Gen Edge.”
When we asked […]
Most Parents NOT Qualified to Teach Kids Financial Education, According to Some Experts
When the National Financial Educators Council recently asked a panel of financial professionals whether they thought parents should be responsible to teach their children key money management lessons, they received some surprising answers. Although the majority of respondents were in favor of parents teaching kids about finances, a […]
How Do Parents Best Teach their Children Financial Skills? By Example, say Experts
In a recent poll, the National Financial Educators Council (NFEC) asked adults around the U.S. who they believed should bear primary responsibility for teaching children about money, and 65% responded that this task should fall to parents. The NFEC took the question a step further by asking financial […]
Financial Professionals Recommend Empowerment, Plain Language to Help Clients Build Financial Literacy
The recent Great Recession underscored how critical it has become for Americans to learn more about managing their personal finances. But financial experts and educators agree that helping people grasp the importance of improving their financial literacy often presents a substantial challenge. How can financial professionals encourage their […]
College CNBC Article with Vince Shorb
In a recent CNBC article, Money Skills Your Teen Needs for College, the NFEC’s CEO Vince Shorb made some comments that some readers found controversial. Please share your thoughts about his comments below.
Click here to read the full article – Money Skills Your Teen Needs for College.
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Organization Spotlight: Center for Financial Education Community College Financial Literacy Program
Between Fall 2013 and Spring 2015, the SunTrust Foundation Center for Financial Education at Wake Technical Community College enhanced its programs aimed at raising financial literacy competencies among Wake Tech students, staff, and community members.
The community college financial literacy campaign designed by the NFEC include more than 80 live instructional […]
Experts Recommend Books to Help Couples Talk about Money
What is the number one source of friction between couples? It’s not work; it’s not the kids; it’s not who cleans the house. No – it’s money. Family finance experts recommend that determining whether they are financially compatible should be a top consideration for any two people considering a long-term commitment.
Learning how […]
Financial Professionals Recommend Readings for Financial Success
What does financial success mean to you? For some it means getting rich quick. For others, just having enough to pay the bills with a little left over for fun. Still others define it as setting up a secure retirement. Whatever your personal financial definition, there are books that can help you get there. […]
Parents Role in Financial Education
A recent article in Red River Family Magazine, Mothers May Be Their Daughters’ Best Resource for Financial Knowledge, highlights the importance of communication with children about money.
The article by Debbie Gerlicher explores the relationship between mother and daughter and the lack of discussions that take place on the topics associated with personal finances. Most children report […]
Two Financial Education Books Stand Out to Advise Ordinary Citizens about Money
People looking for straightforward advice about handling their personal finances need look no further than two financial education books recently recommended by a group of financial professionals. The first is Simple Wealth, Inevitable Wealth by Nick Murray. The second is The Money Book for the Young, Fabulous and Broke […]