Survey Findings Support the NFEC’s Drive to Get Financial Literacy, Entrepreneurship, & Career Education Subjects Taught in Schools

DALLAS, Nov. 17, 2021 /PRNewswire/ — In a modern survey, the Countrywide Economical Educators Council (NFEC) discovered prevalent help for its attempts to get F.L.E.C. subjects taught in US community schools. The acronym F.L.E.C. stands for Economical Literacy, Entrepreneurship, and Job Instruction – subject areas that have realistic benefit for 100% of American youth in modern risky economic landscape.

The study was performed among Oct 15 and October 30, 2021, asking 1,101 Americans the issue, “Do you assume substantial faculty college students ought to have entry to financial literacy, entrepreneurship, and occupation education and learning lessons?” Aid for F.L.E.C. instruction was higher – over 80% answered “Certainly Sure” or “Of course.” The final results are summarized under:

“Definitely Sure” or “Certainly” – 81.9%

“Perhaps” – 8.5%

“Certainly No” or “No” – 9.6%

For full survey results, see: https://www.financialeducatorscouncil.org/fiscal-literacy-entrepreneurship-job-schooling-survey/

Vince Shorb, the NFEC CEO, commented, “Public colleges invest a good deal of time teaching STEM subject areas currently, which has benefits for that tiny quantity of college students who are ready to land careers in STEM fields. F.L.E.C. education, on the other hand, presents advantages to 100% of students. Just isn’t it time we started off training F.L.E.C. in educational facilities?”

The accomplishment of our youth these days depends on F.L.E.C. training mainly because it has influence on the two their means to handle revenue and their foreseeable future earning likely. In the Economic Literacy education component of F.L.E.C., youth study skills and behavioral strategies that empower them to make informed monetary selections. Entrepreneurship and Profession Schooling teach young men and women approaches for pinpointing imaginative cash flow sources, maximizing income, and pursuing the own life style they imagine.

The Financial Industry Regulatory Authority (FINRA) has done analysis that demonstrates the efficacy of mandated high school own finance education and learning. Ga, Idaho, and Texas launched this sort of mandates in 2000. FINRA scientific tests display that, within just a few many years of method implementation, pupils in individuals states had substantially larger credit scores than those in neighboring states devoid of these mandates. This study alongside with other reports point out a obvious require to instruct fiscal training in faculties.

The Nationwide Financial Educators Council, a regarded thought leader in the money literacy sphere, associates with other folks in the fiscal schooling industry to conduct exploration on people’s individual fiscal behaviors, attitudes, and competencies. The NFEC sponsors scientific studies, surveys, and assume tank conversations to illuminate finest practices in the economical literacy area.

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Source National Monetary Educators Council