21st Century Financial Literacy

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21st Century Financial Literacy

PASE@Pace - New York City, July 28, 2015

SIFMA Foundation – smg@sifma.orgPh: 212-313-1350

SIFMA Foundation

Fostering Knowledge

All IndividualsAll backgrounds

Industry Support

Effective Programs

Forbes Billionaires Advise

Source: http://onforb.es/VlFr3j

CEO, GristedesCo-Founder, Paul

Mitchell Founder, Nantworks

Source: http://bit.ly/1q6Ak3L

Meet Chamindu

In 1983, companies spent $100 million marketing to kids. Today (2007), they're spending nearly $17 billion annually. Marketing firms and advertisers are looking to a younger demographic, increasingly targeting tweens and even younger children. And these kids have huge control over the flow of parents' spending, statistics show — 8- to 12-year-olds spend $30 billion of their own money each year and influence another $150 billion of their parents' spending.

Christine Lagorio, “Resources: Marketing To Kids,” CBS, May 14, 2007

ALISA

What is a Bond?

What is a Mutual Fund?

What is a Stock?

What is Risk?

• P/E Ratio• Beta• 52 Week Range• High & Low• Open & Close

Research Tools

INFLUENCE

INFLUENCE

INFLUENCE

“As important as reading and math and social studies and science are, I think today more than ever financial literacy has to be part of that. To continue to have a population that is relatively illiterate in these matters, I think has real negative consequences to our democracy.This is not a place where we just need to get a little better. We’ve got to get a lot better, and we’ve got to get better faster. You have to start young.

Arne Duncan, U.S. Secretary of Education

What I Learned from Financial Education

• Making financial goals• SMART Goal

• Accounting, Business Communications, Entrepreneurship, Business Law, Economics, Virtual Enterprise• Led to internships • Meeting various

professionals• College will lead to a greater

return

Hard and Soft SkillsSoft Skills

• Communication• Organization• Teamwork • Ethics

Hard Skills • Interview• Resume• Computer programs• Design

financial educationmakes me think

my future

how to prepare

college

internships, jobs, etc.

leads to more

opportunitiesexperience, knowledge, training

A Good Financial Path…

more experience, more exploring

job opportunities

graduate!

dream job!

secure and stable financial future

All American children must be equipped with the knowledge and skills necessary to make smart decisions about their finances. This is a basic right that must be integrated throughout children’s Pre-K-12 learning experience to assure that all youth in America have the tools necessary to make sound financial decisions that will allow them to pursue their dreams. Whatever their life’s aspirations, whether college bound, career ready or thinking entrepreneurially, this knowledge will enable our young people to compete in a global economy and enhance our nation’s economy.

President’s Advisory Council on Financial Capability for Young Americans, July 2015

Teams of 3 to 5

Virtual $100,000

Stocks, Bonds, & Mutual Funds

+

The Stock Market Game™

Symbol: HSY

Symbol: TR

or

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