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Natixis Investment Managers partners with Invest in Girls as Innovation Sponsor to bring financial literacy workshops online during COVID-19

Invest in Girls, a program of the Council for Economic
Education (CEE), is thrilled to announce that Natixis Investment Managers, a
long-time partner, has increased their support through a new “Innovation
Sponsorship” to bring IIG’s student financial workshops online. This sponsorship
builds on CEE’s success in bringing the National Personal Finance and National
Economics challenges online during this difficult time and ensures that high
school students continue to be introduced to and learn about finance.

Invest in Girls provides financial literacy workshops to high school girls and introduces them to careers in finance through role models and specialized industry trips. Workshops are usually conducted in schools as in-school or after-school programs. When schools closed, IIG shifted their focus to provide uninterrupted workshops to students through online channels.

Natixis has partnered with the Invest in Girls program through hosting industry trips, hiring IIG Alumnae for internships, and event sponsorships. Together, we have been looking for ways to deepen our partnership, and the “Innovation Sponsorship” to bring IIG online was the perfect match.

“Natixis Investment Managers has proudly partnered with Invest in Girls for several years as part of our commitment to build a pipeline of diverse candidates within the finance industry,” said Tracey Flaherty, global head of diversity and inclusion. “We are excited to deepen that relationship, and we look forward to helping to educate the next generation of women about the various career opportunities available to them in the financial sector.”

Under normal circumstances, IIG cohorts are formed with
girls from the same school, but moving online meant that girls from across the
globe can now interact to learn about personal finance and careers in finance.
Our first online cohort consists of students from France, Massachusetts,
Connecticut, New York, Maryland, and Delaware.

The girls come together each week to learn a lesson from
IIG’s module “Becoming the CFO of your Life” – learning about budgets and
saving goals. Volunteers from Natixis have joined to help teach the curriculum
and in a few weeks a mix of senior executives and associates will come together
to host a Role Model Exchange Day to talk further about their career paths.

Lea, a student participating in the virtual experience,
noted: “I’m very appreciative of this new virtual learning opportunity because
it has taught me to feel more confident in my money management skills as
well as learning to prepare for my future!”

The Invest in Girls program and Natixis Investment Managers look
forward to growing this partnership to provide more girls with the tools and
resources to lead successful financial lives.

POSTED: June 10, 2020 | BY: admin

Economists on the Economy with Loretta Mester, Cleveland Federal Reserve – June 17 @ 4PM

Please join the Council for Economic Education for a special live stream event:

ECONOMISTS ON THE ECONOMY

Wednesday, June 17, 20204:00 – 5:00 PM EDT

ABOUT THE COUNCIL FOR ECONOMIC EDUCATION

The Council for Economic Education’s (CEE’s) mission is to equip K-12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families, and their communities.

To learn more about CEE, please visit www.councilforeconed.org.

POSTED: June 5, 2020 | BY: admin

A message of solidarity from CEE

Our team at CEE joins you in grief and shock at the brutal homicide of George Floyd. Yet another black man felled. I feel the same hollowness in my soul as I did when I first walked into Dachau or when I visited the genocide museum in Rwanda. And, no, we cannot just stand silent.
The Black community has felt the pain of COVID 19 so acutely in loss of life and jobs. And, now, another blow: one that tells them that their suffering continues unabated, unseen and unheard. One that tells them mercy never comes.

Our educators are feeling the pain of not being there for their students to comfort and create a safe place for them, to guide them in building meaningful pathways to move ahead. Over the next few weeks we will help teachers address these challenges. While this may seem outside our core subjects of economics and personal finance, we always seek to address the broader issues of equity, prejudice and reform and have done so through lessons such as The Economics of Jim Crow andThe Economics of Racial Discrimination. We are educators first and must support our colleagues in the profession now, especially the many we work with from communities feeling even more vulnerable.

We cannot stand by silently. We must and do stand in solidarity with the Black community. We do what we can and what we must. If just one teacher finds a way to comfort and inspire even one of her students as a result of something we do, then we have done our job as CEE. And we will continue to speak out for justice, fairness and equality for all of our citizens – that is our job as human beings.

Stay safe and strong,

Nan J Morrison
President and CEO
the Council for Economic Education (CEE)

“It is not your job to complete the task,
but neither can you desist from working at it.” (Ethics of the Fathers 2:16)

POSTED: June 5, 2020 | BY: admin

RECAP: 2020 National Personal Finance Challenge

The 2020 National Personal Finance Challenge, the first online installment of the competition, began on May 1. Winning student teams from state-level competitions participated in an online multiple-choice round to determine which would advance to the case study rounds and vie for the championship. The twelve qualifying teams were:

Adrian Wilcox High School, California
Brockton High School, Massachusetts
Mount St. Joseph High School, Maryland
East Greenwich High School, Rhode Island
Hamilton Southeastern High School, Indiana
Hunter College High School, New York
Methacton High School, Pennsylvania
Palm Harbor University High School, Florida
Provine High School, Mississippi
Saint Thomas Academy, Minnesota
Texas Academy of Math & Science, Texas
Walter Payton College Preparatory High School, Illinois

On May 4, CEE held the case study rounds of the 2020 National Personal Finance Challenge. Student teams had two hours to put together a financial plan for a fictional family portfolio. Each of the twelve participating teams gave amazing presentations, and judges determined three winners:

First place/National Champions: Adrian C. Wilcox High School, Clifornia
Second place: Hamilton Southeastern High School, Indiana
Third place: Saint Thomas Academy, Minnesota

Thanks to everyone who participated – students, coaches, judges, volunteers, and especially to our signature sponsor Voya and event partner Nebraska Council on Economic Education!

POSTED: May 5, 2020 | BY: admin

CEE’S #ThisTeacherRocks campaign featured on CBS New York

The Council for Economic Education’s (CEE’s) #ThisTeacherRocks campaign, celebrating K-12 teachers for their tireless efforts to serve their students, has been covered in an article and video by CBS New York. The report features K-12 students and parents that have participated in the campaign as well as CEE President and CEO Nan J. Morrison.

This Teacher Rocks: Social Campaign Gives Parents And Kids Opportunity To Support Their Teachers

NEW YORK (CBSNewYork) – Teacher Appreciation Week runs from May 4-8 and parents around the tri-state are learning just how amazing their kids’ teachers are. Because students won’t be in school with their teachers because of the coronavirus, they are posting videos, messages and pictures on social media to tell their teachers how much they mean to them, especially during these trying times.

Anyone with a K-12 educator in their life can participate in #ThisTeacherRocks for a chance to win them a $100 gift card. Tell us why a teacher rocks on Twitter, Facebook, LinkedIn, or Instagram, tag @CouncilEconEd and use the hashtag #ThisTeacherRocks. Find more details, plus a write-in option, here.

POSTED: April 29, 2020 | BY: admin

Note from Nan – a few minutes on money

As the head of an organization that teaches about personal finance, I thought I would take this opportunity to share some thoughts about managing your personal finances at this time. Big thanks to Herb – my dad – who taught me a lot about managing my finances and had good advice for many. 

1. Rethink your budget. Especially important if your income may diminish for a while. And, depending on your work circumstances, you may have a bit of time.  To consider: 

  •  a. Most of us still need to pay the basics – rent, food, various loans – but many of the nicer to-haves are not available right now (going out, going on vacation).  Will savings from these activities cover your needs? Do they present an opportunity to save?
  • b. Take the opportunity to look at your recurring monthly fees – e.g. streaming and subscription services. Do you need all of these? Can you modify them? Can you reallocate some funds to others that are more essential?
  • c. Think about what you are spending on: Many organizations are offering entertainment for free – Why pay for a movie when you can stream, take a yoga class, or virtually visit a museum at no charge? Many companies, especially local ones, are offering pickup service and discounts – support your community and save at the same time, always taking care regarding unnecessary discretionary spending. 

 2. Identify helpful State Programs/Resources: If your income is reduced by a furlough, a layoff, or reduced revenues as a small business owner, check out resources that your state might have available to help you – new services and flexibility seem to be the order of the day.

3. Have the money talk: This is an opportunity to discuss money as a family. If you were wondering about finding the right time – this is a good one. 

4. Do your taxes. File them if you are in for a refund, hold if you owe and might need that cash. Note: The IRS has extended the filing deadline and federal tax payments regardless of amount until July 15, but check your state for local tax changes and dates. Filing is particularly important if you are eligible for the Earned Income Tax Credit (EITC).  

5. Invest

  • a. The experts will tell you not to panic and sell out of fear. The market was just over 6,600 in March of 2009 at the bottom of the financial crisis. It is over 18,000 as I write after some of the worst daily drops ever. 
  • b. If your employer is still making a match to your 401K plan, try to keep investing enough to earn the match. E.g. if you are saving 6%, and the company is matching up to 4%, try to save at least at 4%. Why – first, that money is free. In addition, dollar cost averaging is now working in your favor (you can look this up for more details, but basically, equal amounts invested over time will, on average, lower your average share purchase cost).
  • c. For the same reason, if you have an income and are spending less on other things, continue to invest a bit in your SEP, IRA, or 529 plans each month. 

6. Look for alternative work: It might not be your dream job, but there are quite a number of local delivery jobs open right now. Help with outdoor yard and gardening chores. If you have expertise in a subject, you might be able to tutor students now taking classes at home. 

7. Beware of new debt: It might be tempting to carry a balance on your credit card, borrow from your 401K or take advantage of low or no-cost financing for a while. Refer to my first point – if your budget says you cannot afford it, financing is probably going to make it more expensive. That said, for those of you fortunate enough to own a home, given low interest rates, refinancing or a home equity loan may be worth evaluating. 

8. Volunteer: If you are lucky enough to have time and savings, you can help others to maintain financial stability. Deliver groceries to an at-risk person and don’t ask to be paid back; tutor for free; help prepare free meals. And the money you save by not going out or on vacation could go a long way towards meeting others’ basic human needs right now. 

POSTED: March 24, 2020 | BY: admin