At CNBC’s America’s Financial Education town hall, community leaders from across the nation were honored for their commitment to educating students about financial literacy.
Currently, only 21 states require financial literacy to be taught in high school classrooms. While there is a growing push for more students to get personal finance education, according to U.S. Secretary of Education Miguel Cardona, CNBC + Acorns is honoring current financial literacy leaders, most of whom work in underserved communities. Each recognized leader received $100 in an Acorns account and a financial literacy leadership digital badge.
In 2020, outstanding consumer debt in the U.S. reached a whopping $14.88 trillion, according to data from Experian. Shelly Heath, a high school teacher from Boise, Idaho, believes that ever-growing consumer debt is just one reason why her students need financial literacy education — now more than ever.
Since attending the Jump$tart National Educator Conference in 2019, Heath has increased her personal finance courses at Boise High School to six sessions every semester, up from just two.
With a keen eye for saving, Heath regularly writes grants to provide her students with an up-to-date curriculum without spending the school district’s money.
As a teacher and cross-country coach, Joe Tarantello has revitalized his Boston-area high school’s personal finance curriculum, transforming what was once a languishing business education department and launching a new yearly tradition.
This updated curriculum at Hingham High School in Hingham, Massachusetts, includes online simulations on the fundamentals of investing, project-based learning opportunities and community partnerships.
Tarantello has spearheaded a new tradition at his school, The Credit for Life Fair. Seniors simulate financial decisions that mirror choices they will soon be faced with post-graduation. Over the past six years, Tarantello has seen a steady increase in financial literacy enrollment and hired additional teaching staff to meet the growing demand.
Watch: Education Secretary Miguel Cardona on mask mandates, student loan forgiveness and financial education in elementary schools
Buchanan County, Virginia, sits in the foothills of the Appalachian Mountains and is one of the poorest counties in the state. But that has not stopped Megan Wolford from creating one of the best personal finance courses in the country, according to W!se.
A teacher at Hurley High School in Hurley, Virginia, Wolford has made it her mission to impart the importance of financial literacy to her students. Using her own life …….