Advocacy, Research & Updates (August – November 2020)

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 next few months are busy for the financial education industry. With Financial Literacy Month in April, millions of people across the country are exposed to the importance of financial knowledge and encouraged to consider whether their behaviors are helping them work toward their long-term goals.

 

Latest Advocacy Campaigns

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.

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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.

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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.

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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.

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National Financial Educators Day

Financial Educators Day recognizes those individuals who are working to improve the financial capabilities of people in their communities. Nominate yourself or another person to receive this award.

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Financial Literacy Month

The NFEC has a series of promotions planned for Financial Literacy Month including events, online promotions, and announcements of testing and survey data. We invite you to participate in these financial literacy month activities to push the financial education movement forward.

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Financial Education Instructor of the Year Announced

This year’s National Financial Education Instructor of the Year (FEIY) will be announced on January 24. This award is given to one financial educator who delivers top-quality education and raises awareness for the financial literacy movement.

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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.

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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.

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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.

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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.

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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.

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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.

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Financial Educators Day (last Friday in April)

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

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Latest Research, Surveys & Testing Data

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.

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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.

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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?

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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.

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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.

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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.

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Annual Love & Money Valentine’s Day Survey

So what impact does money have on your romantic relationships? The National Financial Educators Council was curious, so they asked 2,644 people across the US survey questions related to money and relationships.

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National Financial Literacy Test Results

Each year the NFEC releases the results of its annual national financial literacy assessment, the National Financial Capability Test. More than 40,000 participants have taken the test, which has been featured in Forbes, Yahoo Finance, The Hill, and CNBC.

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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.

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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.

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Cost of Illiteracy

The latest Cost of Financial Illiteracy data is available. The last few years survey results of over 8,000 has estimated the collective cost of lacking knowledge about personal finances cost the country over $200 Million annually. In this literacy research the average respondents reported losses of over $1,000 annually. See the latest illiteracy cost survey results – click here.

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Test Results

The latest Financial Literacy Test Results. More than 70,000 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.

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Educator Spotlight of the Quarter

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Educator Spotlight of the Quarter