Advocacy, Research & Updates

We commend you on your interest in the movement to promote financial literacy education and help support people to work toward greater financial wellness. Because financial education is still a grassroots movement, your participation is much valued and needed.

The holiday season can be a challenging time for maintaining finance goals and “walking the walk” while encouraging financial literacy. But it also represents an opportunity to reflect upon the past year and to begin planning and setting goals for the next.

Featured Campaign of the Quarter: Student Loan Debt Campaign

The Student Loan Debt Crisis

Student loan debt has a higher default rate than all other types of consumer debt (credit card, auto, home) which require loan recipients to be 18 years old; yet the federal government backs loans to 17-year-olds. We want to improve this situation by requiring 17-year-old kids to understand the loan terms to which they agree and the impact student loans will have on their futures.

Four parts to our campaign: Petition, Legislative Act, Student Loan Education, and Student Loan Test.

Student Loan Debt Crisis Scope

 

Latest Advocacy Campaigns

National Financial Educators Day

Financial Educators Day recognizes those individuals who are working to improve the financial capabilities of people in their communities. will honor educators with a Financial Educators Day Certificate of Appreciation. The only requirement is that the award recipient contributes positively to the financial literacy movement. Nominate yourself or another

Financial Education Instructor of the Year Announced

Each year the National Financial Educators Council honors an outstanding financial educator by presenting him or her with the coveted Financial Education Instructor of the Year Award. Each year we select one winner whose history of empowering people through financial literacy make them the best match for the NFEC’s award criteria.

Financial Literacy Month

On March 9, 2004 Senate Resolution 316 was passed designating April 2004 as “Financial Literacy Month” to raise public awareness about the importance of financial education in the United States and the serious consequences associated with a lack of understanding about personal finances. We commend those organizations that are promoting financial wellness, and encourage you to expand your programs this year.

Military Financial Literacy

All Military & Veterans (and spouses) – Gain access to our eVolve eLearning financial literacy platform. We’re offering the full course free to all active-duty military personnel and veterans who desire to improve their financial health.

National Take Your Child to Work Day

April 22 is Take Your Child to Work Day. Even parents working from home can take advantage of this opportunity to show kids what the work world is all about.

National Credit Education Month

Credit Education Month (March) was founded to increase awareness about the importance of building a positive credit profile and provide strategies on how to work toward a great credit score and excellent credit history.

Sunset Savings Time

Twice per year the Sunset Savings Time campaign reminds people to review their savings plan and make the changes needed to help them work toward long-term financial security. Sunset Savings Time occurs on Daylight Savings Time day to serve as an easy reminder – when you change your clocks, review your savings.

Love & Money Month

Money has impact on our relationships. To raise awareness about the connection between love and money, the National Financial Educators Council launched Love & Money Month.

Teach Financial Literacy Petition

Financial problems have reached epidemic proportions. People across the country and in your community are suffering from long-term financial problems. To address this the NFEC has a petition to encourage schools to adopt financial literacy programming.

Financial Wellness Research & Advocacy Center

The Financial Wellness Research and Advocacy Center is designed to provide information that can further the movement to increase awareness for financial wellness and promote high-quality programming.

Give Savings

The Give Savings Campaign is focused on helping people save for their longer-term financial goals by encouraging them to reduce the money they spend on purchasing gifts, while helping loved ones put money away for the future.

In the Black Friday

“In the Black Friday” kicks off the NFEC’s holiday promotions that encourage people to reduce spending this holiday season and build savings instead. For parents, this promotion offers a timely educational opportunity to teach kids valuable personal finance lessons.

Cash for Candy

The NFEC encourages you to contribute to children’s physical and financial wellbeing by substituting ‘cash for candy’ this Halloween. The NFEC’s Cash for Candy campaign provides a fun solution that highlights your contribution to the community.

National Back-to-School Month

It’s that time of the year: parents across the country are sending their kids back to school. This campaign focuses on encouraging parents to take advantage of the back-to-school shopping time as a way to provide their children with financial education – using the shopping experience as a teachable moment.

Lemonade Stand Day

The NFEC has been celebrating Lemonade Stand Day since 2011, when it was called Lemonade Stand Freedom Day (cities used to fine kids for running lemonade stands without a business license). The NFEC participates in the Lemonade Stand Day campaign to teach personal finance and entrepreneurship lessons to youth.

Personal Finance Calendar

The Personal Finance Calendar promotion suggests the kinds of financial reviews people should complete monthly and periodically, lays out a month-by-month schedule of significant financial events and documents to evaluate and update regularly.

Cash for Candy

The NFEC encourages you to contribute to children’s physical and financial wellbeing by substituting ‘cash for candy’ this Halloween. The NFEC’s Cash for Candy campaign provides a fun solution that highlights your contribution to the community.

Nomination Period: Financial Education Instructor of the Year (starts November)

Each year the National Financial Educators Council honors an outstanding financial educator by presenting him or her with the coveted Financial Education Instructor of the Year Award. Each year we select one winner whose history of empowering people through financial literacy make them the best match for the NFEC’s award criteria. Nominate yourself of another.

Sunset Savings Time

Twice per year the Sunset Savings Time campaign reminds people to review their savings plan and make the changes needed to help them work toward long-term financial security. Sunset Savings Time occurs on Daylight Savings Time day to serve as an easy reminder – when you change your clocks, review your savings.

Latest Research, Surveys & Testing Data

Parents’ and Children’s Money Survey

Parents play an important role in preparing their children to reach self-sufficiency and helping them establish a firm financial foundation. So the NFEC asked the survey question, “Which parent taught you the most about money and personal finance?” The full results are below.

Money and Relationships Survey

Each year during the month of February, we will provide new research and data that help us better understand the impact of money on our relationships; and offer resources to help others improve their relationships through financial empowerment.

National Financial Literacy Test Results

The latest Financial Literacy Test Results. More than 60,000 people from all 50 states participated in our financial literacy test and surveys. The test questions cover the ten subjects covered in the Financial Literacy Framework & Standards and has been featured in Huffington Post, The Hill, Yahoo Finance, Business Insider, MarketWatch, Forbes, CNBC and USA Today. See the latest national test results – click here.

Advertising to Kids Survey

The Advertising to Kids survey was conducted to better understand how people feel about marketing to children; a demographic advertisers spend more than $4.2 billion a year targetting.

Financial Guidance Survey

In a recent survey, the National Financial Educators Council (NFEC) sought to learn where Americans turn when they need help with their personal finances. Specifically, they wanted to find out the proportion of American adults who have someone they trust to turn to for financial guidance.

Holiday Gift Giving Survey

In a recent NFEC survey, when asked, “What gift would you most like to receive this holiday season?” The most common response indicates that many are prefering to skip gift giving entirely this year.

Mental Health & Financial Wellbeing Survey

The Money and Mental Health survey demonstrates the connection between people’s finances and their emotional state. New data is released each October to raise awareness for Emotional Wellness Month and Mental Illness Awareness Week.

Financial Literacy Testing Data

View the latest results of our advanced financial education test or join over 10,000 people who took the exam. Our average score is just over 57%. Can you beat it?

Should Financial Literacy be Taught in School Survey

The goal of this survey was to measure people’s opinions about the value of personal finance education relative to other coursework commonly offered in high school. The findings demonstrate that most people across the country agree that financial literacy is a topic that public schools should teach. See the results.

Cost of Financial Illiteracy

Each year the NFEC promotes the cost of financial illiteracy survey. These data are gathered from people around the country and the results help define the real costs of lacking money management knowledge. Featured on the front page of USA Today, MarketWatch, and MSNBC.

Educational Methodologies in Personal Finance Research Report

The educational methodologies developed by the NFEC support learners to develop positive financial behaviors, acquire financial knowledge, and establish systems that help them work toward stronger financial positions. Toward those ends, these research-based educational and financial principles incorporate insights from both the pedagogical canon as well as current research into how people change attitudes and behaviors.

Updated Standards for Financial Educators

The NFEC updated the Framework for Teaching Personal Finance. These standards developed in partnership with the Danielson Group (creators of most widely accepted instructor standards in public education) to share benchmarks with the financial education industry and provides clear performance criteria. The qualifications set forth in the Framework give public assurance that financial education instructors are held to the highest standards of practice.

 

Educator Spotlight of the Quarter

Brandy Speer, Personal Finance Speaker

Educator Spotlight of the Quarter

Educator Spotlight of the Quarter

Financial Literacy News & NFEC Updates

Financial Advisor

The NFEC has launched a petition website to advocate for a comprehensive financial education program to be taught at all public schools nationwide.

Marketwatch

CBS MarketWatch featured the NFEC’s survey on the cost of financial illiteracy to make a case for mandating high school personal finance classes.

Nasdaq

Nasdaq interviewed NFEC CEO Vince Shorb for tips on improving financial literacy after highlighting the scores of over 53,000 participants (over 60,000 as of 2021) in the NFEC’s National Financial Literacy Test.

Yahoo! Finance

A feature story describing Certified Financial Education Instructors and the role these instructors play in financial education.

CNBC

For NFEC’s Love and Money Month promotion, CNBC created quiz about money and relationships.

CNBC

“In the Black Friday”; the NFEC and others advocate spending less and avoiding debt this holiday season.

The Motley Fool

A look at an NFEC survey on respondents’ level of concern for their finances and their degree of preparedness for the COVID-19 crisis.

Marketwatch

CBS MarketWatch featured the NFEC’s survey on the cost of financial illiteracy to make a case for mandating high school personal finance classes.

University of North Georgia

A team of Certified Financial Education Instructors was trained at UNG to teach personal finance on campus and in the community.

Yahoo! Finance

A feature story describing Certified Financial Education Instructors and the role these instructors play in financial education.

Academia.org

NFEC survey on the most beneficial course that could be taught in schools. Money management was chosen above all other topics.

We’ve Grown!

NFEC launches new website – over 1,200 educational webpages to support financial educators.

New Educational Resources

New curriculum launches – significantly expanded resources & topics.

New Financial Education Packages

New product line available – turnkey financial education program.

Don’t Reinvest the Wheel

New complementary training course – How to Build a Financial Education Program.