Concorde Education’s financial literacy courses introduce students to the world of business and finance. Investing in their success by teaching them how to invest!
“Financial literacy is key to a young person’s future success”
– Rhode Island Gov. Dan McKee
Students with financial literacy have the knowledge and understanding of their own financial resources, enabling them to make intelligent financial decisions. Unfortunately, young adults aged 18-24 have consistently scored the lowest on financial capability studies. This poses a danger to students as they begin independent life, and often take on large loans to support their education.
However, financial literacy courses have yielded profound successes in the past. A study by Lyons (2008) found that students who had taken financial literacy courses in university were more likely to pay their credit card balances. The importance of financial education was globally recognized in 2012, when the Organization for Economic Co-operation and Development’s International Financial Network identified youth as a priority target for government policies on financial education.
Recently, legislation at the state level has begun to follow the OECD’s recommendations. According to the Council for Economic Education, twenty-five states require at least some financial training, with seven states requiring full courses for high schoolers. Twenty more states are working on setting similar standards as well. The reason for this staggering improvement must be understood within the context of current events.
The pandemic and staggering rates of inflation have shown many Americans that they should have greater knowledge and preparation of their finances. These events are concurrent with staggering innovations in the financial world, such as cryptocurrency, making it clear to all that we are living in a rapidly changing economic sphere.
Concorde Education aims to address the need to introduce important financial concepts to students from as young as the fourth grade. There are several course modules students can explore including: Entrepreneurship, Personal Finance, Accounting, Stock Market, Cryptocurrencies, and Real Estate. The aim is to expose students to an array of important financial information, empowering them to understand and prepare for their financial independence with care and interest.
For more information on Concorde Education, visit https://concordeeducation.com.