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Financial Literacy

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NEWS
February 17, 2005
THE SCHOOL District of Philadelphia could not agree more with the recommendations calling for the teaching of financial education in our schools made in your recent editorial "How to Help Working Families. " We has already implemented a financial literacy and financial independence curriculum for all grades. It introduces basic concepts about the value of money, saving, budgeting, credit, banking and investments and provides lessons to help children make good choices when spending money.
NEWS
April 15, 2011 | Eileen A.J. Connelly, Associated Press
NEW YORK - Even a Muppet knows how to get money. "The best way is to earn it, by working at a job!" said Grover, the perpetually 6-year-old monster, during a recent break in filming on the set of "Sesame Street" in New York. "I have a number of jobs myself! I work at Charlie's Restaurant!" he said, referring to one of his recurring skits on the venerable kids' show. Earning money is one of the financial fundamentals focused on in "For Me, for You, for Later," a new project featuring Grover, Elmo, Cookie Monster and their Muppet pals.
NEWS
March 14, 2012 | By Alan J. Heavens, INQUIRER real estate writer
Although the United States has proved itself able to meet challenges from outside its borders, ING Direct founder Arkadi Kuhlmann said challenges from "within have been the most difficult to define and deal with. " "There seems to be an inability to find a consensus in all matters that affect our personal lives," Kuhlmann told an audience of financial leaders and consumer-advocacy groups Tuesday at the Hyatt at the Bellevue in Center City. The occasion was the annual community awards luncheon of the Philadelphia consumer organization Clarifi.
BUSINESS
May 6, 2003 | By Thomas J. Brady INQUIRER STAFF WRITER
A new financial literacy program aimed at helping West Philadelphia high school students save their money received $219,000 in state funding yesterday. The money will help the West Philadelphia Financial Services Institution match the amounts the students save under the Dollar-4-Dollar program, which began last month. The match will be for up to $2,000, or a total of $4,000 per student, over one to two years. The Pennsylvania Department of Community and Economic Development provided the funding.
NEWS
April 11, 2012 | By Karen Heller, Inquirer Columnist
On Saturday mornings for the last few months, Wharton professor Keith Weigelt has taught West Philadelphia residents - they call him Mr. Keith - about money, earning, saving, investing. For many students, this was the first time they learned about mutual funds. "White households have 20 times the amount of median wealth as black households," says Weigelt, 61. "We're trying to reduce the wealth gap by teaching financial literacy. I had this woman in tears telling me that, for the first time, she feels she can get out of poverty.
NEWS
November 28, 2009 | By Jonathan Tamari INQUIRER TRENTON BUREAU
With New Jersey high schools already facing a new mandate to teach students financial literacy, at least six school districts will be able to participate in a pilot program that establishes a class on the topic for seniors. The state Department of Education in June added economics and financial literacy instruction to the state's high school graduation requirements. At the same time, a bill working its way through the Legislature aimed to create a financial literacy pilot program, establishing a course on the subject in six districts.
ENTERTAINMENT
October 10, 2007
A little of your time can make a big difference in the lives of our children. If you are able to spend even one hour a week sharing your interests with children, it will help keep Philly's children safe and active. ASAP has requests for volunteers to participate in chess, Scrabble, financial literacy, drama, dance and crafts. Call 215-545-2727 or e-mail info@phillyasap.org if you can help.  
BUSINESS
September 16, 2013 | By Reid Kanaley, Inquirer Columnist
Learning how to earn, spend, and save money wisely ought to start in childhood. But if you missed the early lessons, websites such as these offer many ways to catch up on financial literacy. Among articles on Visa's Practicalmoneyskills.com site is one on the company's annual "Tooth Fairy survey," which Visa says "shows that American children are receiving an average of $3.70 per lost tooth this year - a dramatic increase of 23 percent over the $3.00 per tooth left in 2012. " Visa doesn't say if that's a good thing, though.
NEWS
April 17, 2012 | By Andrew Kline
This year, both Tax Day and Financial Literacy Day fall on this date. Perhaps we should connect the dots. Many of us are painfully mired in debt and struggling to make ends meet. As of the end of last year, the average U.S. household with credit card debt owed nearly $16,000. Meanwhile, we have failed to make practical financial education a priority. According the Council for Economic Education, only 13 states required students to learn about personal finance as a high school graduation requirement in 2011.
NEWS
January 25, 2013 | By Andrew Kline
A 2010 Brookings Institution survey found that half of American adults flunk such financial literacy questions as this: If the interest rate on your savings account were 1 percent per year, and inflation were 2 percent, would you be able to buy more than, exactly the same as, or less than today with the money in this account after a year? (The answer is less.) Other surveys show that women, African Americans, Hispanics, and the less educated are consistently less likely to be financially literate.
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BUSINESS
September 16, 2013 | By Reid Kanaley, Inquirer Columnist
Learning how to earn, spend, and save money wisely ought to start in childhood. But if you missed the early lessons, websites such as these offer many ways to catch up on financial literacy. Among articles on Visa's Practicalmoneyskills.com site is one on the company's annual "Tooth Fairy survey," which Visa says "shows that American children are receiving an average of $3.70 per lost tooth this year - a dramatic increase of 23 percent over the $3.00 per tooth left in 2012. " Visa doesn't say if that's a good thing, though.
NEWS
June 12, 2013
WHENEVER I URGE people to stop being serial auto-loan consumers, I get bewildered looks. I mean it. Pay cash for your car and make the math work in your favor. I get that you might not be able to get off the car-loan circuit right away. But once you pay off one car loan, continue making the payments - but to yourself. The average length of vehicle ownership for a new car has increased to nearly six years, according to R.L. Polk & Co., which owns the used-car history provider Carfax.
NEWS
April 15, 2013
IF YOU HAVE no money, the concept of financial literacy can seem like the punch line of a sick joke. But, in fact, low- and moderate-income people can often benefit the most from being more informed about taking control of their finances, and an increasing number of institutions and foundations are recognizing this. Two this month are worth noting - not just because April is National Financial Literacy month, but primarily because they target an audience that is, at best, overlooked and, at worst, often ill-served by questionable practices.
ENTERTAINMENT
April 11, 2013 | By Kellie Patrick Gates, For The Inquirer
Hello there In late summer 2010, Howie, an actor and producer from Washington Township, Gloucester County, was in search of leadership skills with a Jesuit perspective. On the advice of a friend studying to be a priest, he signed up for the Contemplative Leaders in Action group at Old St. Joe's in Philadelphia. Jaclyn, a financial analyst, had signed up for the same course in 2009 to keep a friend company. When a change in the schedule led to a conflict with Jaclyn's Temple University MBA classes, she deferred to the 2010 session.
NEWS
April 5, 2013
THE MAJOR financial activity people associate with April is tax day. But April is also the perfect month to push financial literacy. After all, you've had to pull together major information about your finances to do your taxes. So, what are you doing for Financial Literacy Month? I get questions all the time from people who want to better handle their finances. During a recent speaking event, a worker asked me how he could get his wife to show more interest in their finances.
NEWS
March 6, 2013 | By Mari A. Schaefer, INQUIRER STAFF WRITER
City of Chester officials will announce today that the city has received a grant to support a financial literacy course for the city's summer youth program. The $4,000 DollarWise Grant Award, from the the Bank of America Charitable Foundation, will support a six-week paid internship for Chester youths. The program is designed to provide hands-on work experience and professional development. There is also a financial educational component. Chester officials and those from four other cities - Wichita, St. Louis, Kokomo, IN and Richmond, VA - learned they were awarded the grant at the U.S. Conference of Mayors this past January.
NEWS
February 18, 2013
By Neil D. Theobald As the new president of Temple University, I have spent my first weeks talking with students, faculty, alumni, and others in Philadelphia and around the commonwealth. I have been struck by the enthusiastic and open welcome and the willingness of people to share their hopes and dreams about Temple. At the same time, an important question runs through these conversations: How do we help students earn their degrees without amassing excessive debt? A Temple degree is a valuable asset that pays dividends over the lifetime of our graduates.
NEWS
January 25, 2013 | By Andrew Kline
A 2010 Brookings Institution survey found that half of American adults flunk such financial literacy questions as this: If the interest rate on your savings account were 1 percent per year, and inflation were 2 percent, would you be able to buy more than, exactly the same as, or less than today with the money in this account after a year? (The answer is less.) Other surveys show that women, African Americans, Hispanics, and the less educated are consistently less likely to be financially literate.
NEWS
July 20, 2012 | By Kaz Komolafe, McClatchy Newspapers
WASHINGTON - Higher-education experts on Thursday gave a Senate committee their suggestions for improving college affordability in the hopes those ideas could be adopted on a national level. During a Health, Education, Labor and Pensions Committee hearing, the panel members discussed the efforts they had made in their respective institutions that, they said, have bucked the national trend of ever-growing financial barriers to college, especially for low-income families. "College is increasingly out of reach for students from working families, and our nation is losing ground in having a well-educated workforce that can compete in the global economy," Sen. Tom Harkin (D., Iowa)
BUSINESS
May 5, 2012 | By Alan J. Heavens, INQUIRER REAL ESTATE WRITER
Nearly 70 percent of the nation's community-based organizations say housing discrimination continues unabated, especially against immigrants, disabled people, and families with children, results of a recent survey indicate. Nearly 550 community groups surveyed in April by the nonprofit advocacy organization Consumer Action said that most of those facing discrimination are unsure of their rights and how to protect themselves. At a news conference sponsored by Consumer Action in Washington, D.C., Thursday, John Chin, executive director of the Philadelphia Chinatown Development Corp., said many of those facing discrimination often aren't even aware of it, owing to their limited proficiency in English.
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