Financial Fridays: From FINRA, New Research & the Power of Early Exposure

Friday Five


WHO WE ARE

FINRA, the Financial Industry Regulatory Authority, regulates all securities firms doing business in the United States. FINRA is dedicated to investor protection and market integrity. Through research and educational programs, the FINRA Investor Education Foundation empowers underserved Americans with the knowledge, skills and tools to make sound financial decisions throughout life.

WHAT’S NEW

Conventional wisdom paints a picture of millennials as aggressive, knowledgeable, and confident when it comes to investing, but a new research study sponsored by the FINRA Foundation and CFA Institute debunks common assumptions about millennial investors. The research, titled “Uncertain Futures: 7 Myths About Millennials and Investing,” explores the attitudes and behaviors of Millennials when it comes to finances and investing.

Among the many findings that will be of interest for financial educators: While debt and income are major barriers to investing, 39 percent of millennials without taxable investment accounts report that not having enough knowledge about investing is also a critical barrier. Millennials are more likely than Gen Xers or baby boomers to report that their parents talked with them about investing before they were 18 years old (42 percent versus 29 percent and 21 percent, respectively).

While this may reflect the democratization of investing and parents’ roles in mediating it, it also underscores the power of early exposure to investing concepts. With that in mind, FINRA launched Millennials & Investing, which can help not only Gen Y but also budding Gen Z investors better understand how to save and invest.

ADDITIONAL OFFERINGS

  • FINRA Foundation “Thinking Money” Widget: A collection of fun facts about money, powered by the Foundation’s National Financial Capability Study, that link to educational resources and tools. We regularly add new tiles, and you can embed the tool (for free!) on your website.
  • Youth Financial Education Resources: Visit https://www.saveandinvest.org/educate-youth for an array of engaging videos and links to lesson plans and assessment tools.

CLEARINGHOUSE RESOURCES

Con ‘Em If You Can Game and Educator’s Guide

Con ’Em If You Can is a video game that teaches players about the types of persuasion tactics used to perpetrate financial fraud. Play online at www.ConEmIfYouCan.org, or download the mobile app.

Money Math for Teens

Financial capability requires strong math skills. These lesson plans cover APR, APY and compound interest for middle and high school students.

FOLLOW US

TWEET THIS

2 in 5 millennial women cite lack of knowledge as a key barrier to investing. @FINRA and @FINRAFoundation are proud to partner with @NatlJumpStart to change that and help all Americans reach #afinlitfuture!

CONTACT INFORMATION

Gerri Walsh

(202) 728-6964

InvestorEducation@finra.org


About Financial Friday

Each week we feature one of our national partners that are dedicated to making #afinlitfuture a reality. Learn more about the organizations we’ve featured this month:
If you are a partner interested in being featured, contact Heather McElrath, or, if you would like information on becoming a partner, contact Josh Sandler.

Copyright © 2018 Jump$tart Coalition, All rights reserved.

NGPF Offering Educators Scholarships to Attend National Jump$tart Conference

Are you passionate about building financial capability and find yourself constantly brainstorming and conjuring up ways to bring personal finance education to more students? If so, we have an amazing professional development opportunity for you!

Next Gen Personal Finance is awarding 20 scholarships for classroom teachers to attend the Jump$tart National Educator Conference in Cleveland, OH from November 3-5, 2018!

To apply for a scholarship, submit a response to the prompt below using the Jump$tart NEC Scholarship Application link.

Prompt: In 250 words or less, describe your specific plans to:
1. improve the quality of financial education provided in your classroom and/or
2. increase student access to financial literacy education in your community

NGPF Scholarship Details
• Submission Deadline: 11pm ET Friday, August 24, 2018
• The scholarship covers transport to/from Cleveland, OH, as well as conference registration and 2 nights accommodation
• To be eligible for an NGPF Jump$tart NEC Scholarship, applicants must:
o Be a current US middle school or high school personal finance teacher or teacher-educator
o Not have received an NGPF Jump$tart NEC Scholarship in the past 2 years
Questions? Reach out to Laura at laura@ngpf.org.

Annual Educator Conference – Nov 2, 2018

Educator Conference Banner

Vermont School Administrators and Educators:

Please mark your calendars for the Vermont Jump$tart Coalition’s Annual Education Conference at Vermont Technical College in Randolph, Vermont. The Conference will take place on Friday, November 2. You will learn how to incorporate Vermont’s recently adopted Jump$tart financial literacy standards into your curriculum.

Participants will earn 7 credits of continuing education/professional development.

REGISTRATION FEE: $45.00 per person includes all food and beverages, parking and handouts.

Click here to register today. Space is limited to 50 attendees.

The State of Vermont has adopted the National Jump$tart financial literacy standards. The Vermont Jump$tart Coalition wants to “Lighten Your Load” by hosting a one-day conference at Vermont Technical College in Randolph, VT.

Sessions will include an interdisciplinary approach to financial literacy and student-centered learning. Ed Camp will allow you to brainstorm amongst your peers. You will leave with new knowledge about how to teach your students about personal finance.

Contact: Amy Dickinson at vtbanker@sover.net; 802-229-0341

For additional information, please see the Save The Date flier here.


The National Jump$tart Coalition also hosts a November educator conference. Details are below!

National Educator Conference

Engage | Inspire | Appreciate
November 3-5, 2018
Hilton Cleveland Downtown

For more information go to https://www.jumpstart.org/