The Council for Economic Education and Wells Fargo Team Up to Get Kids and their Families to Talk about Money
A Collaboration to Provide Elementary Schools with Family Financial Literacy Nights
CEE Family Financial Literacy Night
CALIFORNIA (November 29, 2018) – Seventy-two percent of parents experience at least some reluctance to talk to their kids about financial matters. 1 According to the Council for Economic Education’s (CEE) 2018 Survey of the States, K-12 students are not receiving adequate tools and training to make informed financial decisions; and only one-third of U.S. states require high school students to take a course in personal finance. CEE and Wells Fargo are proud to announce a collaboration to conduct five Hands on Banking ® Family Financial Literacy Nights at elementary schools, with local events coordinated by the California Council on Economic Education. At these events students and their families come together for a fun evening to learn about the importance of personal finance. The event creates an open dialogue about topics such as savings, spending, debt, and budgeting that are often not talked about at the dinner table.
On November 29, 2018 – the second of five Hands on Banking ® Family Financial Literacy Nights will be held at Parkside Elementary School in San Bernardino, CA at 6 p.m. “San Bernardino is a community where 9 out of every 10 students enrolled are eligible for the free-and-reduced-lunch program,” said Allysunn Walker-Williams, President/CEO of the California Council on Economic Education. “Research and our experience show that kids who come from lower-income households benefit most from early financial education. This knowledge is an essential first step on the pathway to economic stability and upward mobility.”
The other Hands on Banking® Family Financial Literacy Nights will be held in the following locations later this fall:
Puget Sound, Washington
“We are thrilled to be working with Wells Fargo. The Hands on Banking program aligns with our mission to ensure children and families nationwide are equipped with the vocabulary and knowledge needed to make smart financial decisions for themselves, their families and their communities,” said Nan J. Morrison, President, and CEO of the Council for Economic Education. “You are never too young to learn and talk about money, and the school setting is a perfect place to start the conversation.”
“We are excited to collaborate with the Council for Economic Education and their affiliate network across the country to engage families in fun and insightful financial activities,” said Darlene Goins, Head of the Hands on Banking team atWells Fargo. “According to a recent Wells Fargo Financial Health survey, only 36 percent of American parents say they discuss the importance of saving with their kids. These family financial literacy night activities provide an opportunity for parents, guardians, and their children to engage in age-appropriate conversations about money. Together, the Council for Economic Education and the Hands on Banking program are helping to build healthy, lifelong financial habits – a life skill that we all need.”
About the Council for Economic Education
The Council for Economic Education (CEE) is the leading non-profit organization in the United States that focuses on the economic and financial education of students from kindergarten through high school—and we have been doing so for nearly 70 years. We carry out our mission by educating the educators: providing the curriculum tools, the pedagogical support, and the community of peers that instruct, inspire, and guide. All resources and programs are developed by educators and delivered by our national network of affiliates. Each year CEE’s programs reach more than 55,000 K-12 teachers and over 5 million students across the United States. Nearly 2/3 of these educators come from schools serving large numbers of low- and moderate-income students. EconEdLink – our free, online educator gateway for economic and personal finance lessons and resources – attracts more than 1 million unique visitors annually.
About the California Council on Economic Education
The California Council on Economic Education (CCEE) is an affiliate of CEE and is the leading statewide non-profit organization in California that provides economic and financial education to over 180,000 K-12 teachers, students, and their families annually, many from low- and moderate-income households.
About the Hands on Banking ® program
The Hands on Banking program contains free and engaging non-commercial financial education, available in both English and Spanish that teaches people, in all stages of life, about the basics of responsible money management, including how to create a budget, save and invest, borrow responsibly, buy a home and establish a small business. To learn more about the Hands on Banking program, please visit www.handsonbanking.org. The creation of these materials was supported with a grant from the Wells Fargo Foundation.
About Wells Fargo
Wells Fargo Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 8,050 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. For more information, visit www.wellsfargo.com.