| May 11, 2010

Teachers unconfident teaching consolidation methods, study finds

Despite the general agreement that financial education is a critical and underappreciated part of a more general course of study, the results of a recent study from the University of Wisconsin and the National Endowment for Financial Education show that few K-12 teachers felt entirely comfortable instructing their students in this subject matter.

The president and CEO of the NEFE, Ted Beck, said that “this study reinforces the need to incorporate personal money management topics into educational opportunities for teachers, whether in undergraduate or graduate curricula for students studying to become teachers, or as post-graduate or in-service courses or workshops.”

The study found that the root cause for this lack of financial literacy may be the teachers themselves – just over a third of those surveyed said that they had received collegiate-level instruction in personal finance-related topics.

While there is clearly much work to be done, economists have been cautiously optimistic in their general predictions of the U.S. economy’s trajectory, and some say that it could soon be easier for Americans to get out of debt.

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"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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