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