NEW  CURRICULUM DESIGNED TO IMPROVE

FINANCIAL LITERACY OF HIGH SCHOOL STUDENTS

Economic Education Coordinators To Be Trained In New  Program

WHY:                    Younger Ohioans are facing a financial literacy crisis as these statistics illustrate: 

                              • American teenagers spend an average of $84 per week for a total of $100 billion a year.

                              • College students with their own credit cards carry an average unpaid balance of $1,039. 

                              • The average student who takes out a college student loan graduates with $20,000 in debt. 

                              • 8.7% of bankruptcy filings in 1997 were among 18-25 years olds.

WHAT:                  Ohio’s economic education coordinators will be trained to present the “Basics of Saving and Investing:  A Teaching Guide” to the state’s high school economics teachers.  The new high school curriculum, which is part of the “Financial Literacy 2001 Project,” is designed to improve the financial literacy of Ohio's high school students.  The economic education coordinators are affiliated with the Ohio Council on Economic Education.

WHO:                    Dr. Gwen Reichbach, Executive Director of the National Institute for Consumer Education at Eastern Michigan University, will be leading the training session.  It is being sponsored by the Ohio Department of Commerce and the Ohio Council on Economic Education with the support of the Ohio Department of Education. 

WHEN:                 Tuesday, November 30 from 9:45 a.m. – 3:30 p.m.

WHERE:              The Department of Commerce’s Division of Industrial Compliance at 6606 Tussing Road, Columbus.

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