YOUTH-ORIENTED FINANCIAL LITERACY INITIATIVES IN DURHAM, NC

Glenn McLaurinPolicy 590

What Is Financial Literacy?

Knowledge and skills related to money management:

Balancing a checkbook Manage a credit card Prepare a budget Take out a loan Buy insurance

Beverly and Burkhalter 2005

A Measure of Financial (Il)literacy

1996 1998 2000 2002 2004 2006 2008 201042.00%

44.00%

46.00%

48.00%

50.00%

52.00%

54.00%

56.00%

58.00%

60.00%

The Jump$tart Coalition: 10 Years of Tracking Youth Financial Literacy

Average Score

Year

Avera

ge S

core

of

Hig

h S

chool

Sen

iors

Mandell 2009

Content Development: National Organizations

National Endowment for Financial Education High School Financial Planning Program

Federal Deposit Insurance Corporation Money Smart

Jump$tart Coalition National Survey of High School Students

Program Implementation: Local Initiatives

The Support Center Youth Financial Education Program

Rogers-Herr Middle School

Mechanics and Farmers Bank Financial Literacy Initiative

Burton Elementary High Expectations Savings Program

North Carolina Association of Certified Public Accountants Financial Literacy: Triangle Chapter

Boys and Girls Club

Sector Challenges

Coordination

Implementing Best Practices

Measuring Results

Sector Opportunities

2010 Financial Literacy Summit

North Carolina Financial Literacy Council

Curriculum Integration