IMPACT


Many Americans lack the basic understanding of economic and financial concepts and the consequences can be devastating for individuals and their families. Education can make the difference. In fact, those exposed to economic and financial education are more likely to display positive financial behaviors:

Credit Score

Credit Outcomes

Students exposed to mandated personal financial education exhibit meaningful improvement in credit scores. In states where education in schools is mandatory, delinquency rates decrease and credit scores increase.

Responsible spender

Financially Responsible Behaviors

93% of those taking a personal finance class shows more financially responsible behaviors vs 84% of those who have not.

*Sources: councilforeconed.org “Making the Case for the Need for Economic and Financial Literacy Education in the Classroom”

Savings (piggy bank)

Savings

States with financial curricula in schools elevate rates at which individuals save and accumulate wealth in their adult lives.

Access to Economics Education Benefits us All

Our goal is to lay the groundwork for a promising future by helping citizens make better decisions as savers, investors, borrowers, voters and participants in a global economy.

Econ Illinois does this by providing curriculum, academic support and teachers that inspire, and guide.


Just as it has proven to be impossible to succeed in the modern world without the ability to read and write (literacy), so it will be impossible to succeed in the present-day financial system without knowing the abc's of economics and finance (financial literacy).”

- Annamaria Lusardi, Denit Trust Professor of Economics and Accountancy at the George Washington School of Business, and Academic Director of the GW Global Financial Literacy Excellence Center
(councilforeconed.org “Making the Case for the Need for Economic and Financial Literacy Education in the Classroom”)

How We Meet The Need


students in a classroom

Teaching Dollars and Sense

 

students in a classroom

Educators

 

students in a classroom

Students and Families

 

high school student

Finance Learning Exchange

 

volunteer judge

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