NEW YORK–(BUSINESS WIRE)–June 7, 2022–
Demonstrating a winning knowledge of personal finance and economics that sets young people on the path to lifelong success, students at Land O’ Lakes High School in Florida, Harker School in San Jose and St. John’s School in Houston achieved top national rankings in the National Personal Finance Challenge (NPFC) and two divisions of the National Economic Challenge (NEC) organized by the Council for Economic Education (EEC).
“You don’t learn how to manage your money just by wishing, or how to make complex economic choices just by following the news. It’s hard to thrive if you don’t understand,” said Nan J. Morrison, President and CEO of CEE. “Students on these teams have demonstrated an extraordinary level of knowledge, in part because their schools offer courses in these life-essential subjects.”
Only 25 states require students to take an economics course to graduate, while 24 require a personal finance course, according to the CEE and its 2022 State Survey.
To reach the final competition in New York, school teams first had to win their state titles and then rise to the top in a semifinal last month.
“We strongly believe that financial education helps young people of all income levels become smarter consumers, lead more productive lives and build stronger communities,” said Heather Lavallee, CEO of Wealth Solutions, Voya Financial, which sponsors the NPFC. “We congratulate the winners and everyone who has taken or is teaching these important courses.”
Each student from each finalist team receives a cash prize.
NPFC National Finals Winning Teams:
- Land O’ Lakes High School in Land O’ Lakes, Florida – first place
- Applications and Research Laboratory school of Ellicott City, Maryland – first runner-up
- Ardrey Kell High School in Charlotte, North Carolina – second runner-up
- Germantown High School in Madison, Mississippi – third runner-up
The NEC Championships are organized into two groups based on experience levels.
In the David Ricardo division of the NEC for new competitors:
- St. John’s School of Houston, Texas – first place
- Phillips Exeter Academy of Exeter, New Hampshire – first runner-up
- Mt. Hebron High School in Ellicott City, Maryland – second runner-up
- Dana Hall School in Wellesley, Massachusetts – third runner-up
In the NEC Adam Smith division for advanced and returning competitors:
- The Harker School in San Jose, CA – first place
- Mt. Hebron High School in Ellicott City, Maryland – first runner-up
- ‘Iolani School of Honolulu, Hawaii – second runner-up
- Troy High School of Troy, Michigan – third runner-up
In subsequent international rounds, St. John’s beat Chinese champion team David Ricardo of Shandong and Harker beat Chinese team Adam Smith of Shanghai.
About the Economic Education Council:
CEE’s mission is to teach K-12 students about economics and personal finance so they can make better decisions for themselves, their families, and their communities. We achieve our mission by providing resources and training to K-12 educators for over 70 years. Nearly two-thirds of the tens of thousands of teachers we reach virtually and in person are in low-to-moderate income schools. All resources and programs are developed by educators and delivered by our 200 affiliates across the country in every state. Through our student programs, including the National Personal Finance Challenge and the National Economic Challenge and Invest in Girls, CEE continues to inform, motivate and inspire young minds across the country. We also advocate for more and better education in personal finance and economics, primarily through the CEE Biennial State Survey. Learn more about adviceforeconed.org and on Twitter, Facebook and LinkedIn.
About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company that provides products, solutions and technology that help Americans be well planned, well invested and well protected. Serving the needs of 14.3 million individual, professional and institutional customers, Voya has approximately 6,000 employees and total assets under management and administration of $707 billion as of March 31, 2022. Certified as a “Great Place to Work” by the Great Place to Work ® Institute, Voya is driven and also committed to conducting its business in a socially, environmentally, economically and ethically responsible manner. Voya has been recognized as: one of the World’s Most Ethical Companies ® by the Ethisphere Institute; member of the Bloomberg Gender-Equality Index; and a “Best Workplace for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @voya.
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SOURCE: Council for Economic Education
Copyright BusinessWire 2022.
PUBLISHED: 06/07/2022 08:00 AM/DISC: 06/07/2022 08:02 AM
Copyright BusinessWire 2022.