For the younger generation today, they need achieve financial security because the entitlement programs that serve our retirees will be drastically cut. There is a strong possibility that the social security program won’t be around so the need for them to achieve financial independence is critical. A study by the GAO (Government Accountability Office) predicts that 33% of workers will have zero saved in a 401k style account by 2050. The National Association of State Boards of Education states ‘most workers aren’t participating sufficiently enough to allow comfortable retirement’.
With the lifespan of this generation longer than ever before our kids need to start preparing early. The baby boomer generation is nearing retirement age and most analysts predict that Social Security will be nothing but a memory by the time your teen- and college-aged children are ready to retire.
Providing personal finance courses is a proactive solution. Just like early health screening, financial education courses can prevent the consequences that accompany financial illiteracy. Even today’s youth are aware that they need to start saving for their future; yet the average student has no idea where to start. Providing money management training to kids early in life can help them achieve a state of financial wellness.
Parents realize the importance of a financial education but most don’t realize that this is not taught in school. It is important for parents understand how important knowing basic personal finance lessons is for their children’s future and enroll them in a professional level financial education courses before they move out on their own.
Personal savings are at an all time low and credit card debt is hitting new highs. The average American spends MORE than they earn. Rising housing costs, combined with increasing bankruptcies and foreclosures, are sending families into financial crisis. This is the reality your child faces once they’re on their own, all because their parents and grandparents before them were not taught personal money management skills.
So the solution is simply. Ensure your children and the youth you serve receive a personal finance course. It is an investment that will provide them substantial returns in their future relationships, overall wellness, health, happiness and financial security.
By now you know, that online personal finance courses can help secure our children’s future. Give your children or the youth you serve the advantage many of us wish we’d had—a practical financial education course.
Online Personal Finance Course Maximizes Blended Learning Features, Interactivity
The National Financial Educators Council (NFEC) has long been recognized as the industry leader in building financial capabilities among a global audience. Now NFEC has recently announced the launch of its new online personal finance course, Evolve, which represents the organization’s latest effort to blend the highest quality curriculum content with vivid, interactive design techniques.
Combining the concepts of theory-based learning with practical applicability, Evolve comprises two major components: a rich and robust eLearning platform, and a Learning Management System. The eLearning program is flexible to accommodate both asynchronous and synchronous activities, offering the learner a wide variety of scheduling options and choices to prioritize content. The Learning Management System provides educators with tools to manage their classes from a central dashboard.
The blended learning approach taken by the NFEC and its curriculum advisors takes maximum advantage of such features as gamification, adaptive learning, interactive content, and a dynamic user experience using activities participants can apply in the real world. Curriculum materials are firmly grounded in constructivist instructional methodologies, leveraging important teaching strategies such as scaffolding, simulation, project-based activities, scenario-based learning, and case studies.
The Learning Management System offers educators the freedom to manage class presentations and coursework from the convenience of a central dashboard. This online financial literacy course gives the instructor capability to track participant progress and results using detailed analytics in real-time. Instructors can choose to organize classes according to three pacing options: self-paced (set by the participant), timeline-based (participants work toward time-driven goals), or testing-based (where participants are blocked from proceeding until target test results are achieved).
Giving students a true blended learning experience while becoming empowered to manage instructional time according to your own schedule represents the unique features of the Evolve financial education online platform. Those educators interested in teaching this state-of-the-art curriculum package online may receive an instructor’s guide, student guides, PowerPoint presentation, instructor’s resources, and robust testing materials to track participant progress. The NFEC makes all these financial education resources available so you can manage the program with ease from a central online location.