Current California Jump$tart News & Press Releases

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California Teachers Recognized for Personal Financial Education Efforts

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McKinleyville and Tarzana High School Educators Receive Awards from California Jump$tart Coalition

February 10, 2010 - The California Jump$tart Coalition is pleased to announce the winners of its Financial Literacy Educator Awards.  Greg Delahoussaye, of the Economics and Social Sciences Department at Sherman Oaks Center for Enriched Studies in Southern California and Diane Howard, Chair of the Career Technical Education Department at McKinleyville High School in Northern California are being recognized for their work in bringing financial education to their students. Both educators have further distinguished themselves with their efforts to work with teens outside the classroom and bring community resources into the school to teach about wise use of money, setting goals, and building careers.

“Our children and young adults must learn about money to succeed in this challenging and complex world,” says Karen Anderson, Chair of the California Jump$tart Coalition, “ so it’s encouraging to have teachers developing innovative ways to teach to our youth”.  California schools do not require education on money management topics such as using credit, saving, budgeting and investing.

Both educators were nominated by members of the California financial community and selected by the Board of California Jump$tart to receive recognition and $2500 awards, which are generously sponsored by Citi, to their schools' financial education efforts.

Chapman University Students Learn Dollars and Sense

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December 30, 2009 - (by Dana Parsons, Los Angeles Times)

Kelsey Steinke thought of herself as a fairly bright college student -- except when it came to managing personal finances.  "I knew very little," she said. "Not much at all."  Compared to some of her peers, however, she was a downright prodigy. "I mean, there are some girls who don't know how to do laundry," she said. "If they can't do their laundry, how can they handle their finances?" 

That less-than-kind reality, coupled with a troubled economy that has frightened both novices and experts, has spurred renewed interest in teaching financial literacy to high school and college-age and younger students.

Administration Officials Promote Enhanced Financial Capability Among America's Youth

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WASHINGTON DC, December 15, 2009 - Embarking on a new partnership between the agencies, U.S. Department of the Treasury Secretary Tim Geithner and Department of Education Secretary Arne Duncan met today with students, educators and community leaders to promote strengthened financial capability among the nation's youth. They outlined the first step in this effort, the National Financial Capability Challenge, a national award program that aims to encourage financial education in schools across the country and recognize high-performing teachers, students, and schools.

Informing this focus on youth are findings from a new national financial capability survey released today that measures financial capability levels among U.S. adults. Commissioned by the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and developed in consultation with Treasury and the President's Advisory Council on Financial Literacy, the survey shows that young adults display much lower financial literacy than older generations. In addition, the findings on financial behaviors highlight the need to ensure that the next generation starts taking steps now to secure their financial futures.

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