Nationwide Coalition Dedicated to State-Level Action that Guarantees Equitable Access to Personal Finance Courses and Provides Teachers with Training and Curricula on School-Based Financial Education
SAN FRANCISCO–(BUSINESS WIRE)–
Visa (NYSE: V), a leading global payments technology company, announced today the launch of FinEd50, a nationwide coalition of nonprofits, community leaders, and corporate partners dedicated to improving access to quality financial education for students in the United States. The coalition is co-founded by Visa and the Council for Economic Education (CEE), and members include the National Endowment for Financial Education (NEFE) among others.
“The state of financial education offered to students in the U.S. varies significantly. Where students live should not impact whether they have access to knowledge that will help them learn how to make informed financial decisions in their lives,” said Worku Gachou, head of North America, inclusive impact & sustainability, at Visa. “Visa is proud to be a cofounding partner of FinEd50 and we welcome all who are passionate about ensuring young people have access to financial education to join us.”
According to CEE’s 2022 Survey of the States: Economic and Personal Finance Education in Our Nation’s Schools, only 27 states require schools to offer a personal finance course and the quality of courses varies wildly. While there has been some progress over the last decade, many young people in financially disadvantaged communities remain without access to a personal finance class. Delivering financial education through digital channels and in classroom settings can