You probably already know what all the research has shown: when it comes to financial literacy, kids do not know enough about money and money management. This puts them at a significant disadvantage as they stand on the doorstep of adulthood still in need of a better financial education.
According to the President’s Advisory Council on Financial Literacy:
By almost any measure, today’s schoolchildren are ill-equipped to understand personal finance and make their way in the modern financial world. Their rising debt and debt problems, along with their poor inclination to save, substantiate what the test scores show. Meanwhile, most students still graduate from high school without any formal classroom education in personal finance.
Source: President’s Advisory Council on Financial Literacy 2008 Annual Report to the President
Organize. Teach. Reward.
Manage your family, teach financial responsibility.
Ben Bernanke on Financial Education
Ben Bernanke, Chairman Federal Reserve System
One of the key lessons of the recent financial crisis is the importance of personal financial literacy. Besides improving their personal financial decision making, teaching students economic principles will help them as citizens understand and make choices about many of the critical issues confronting our nation.
Sept 30, 2010
Learning Through Play
Sure, online games are fun. But they can be educational, too. Research shows that children who play digital games can learn important concepts and skills while having a good time.
According to a recent report from The Sesame Street Foundation:
Research now offers solid evidence that children learn important content, perspectives, and vital “21st–century skills” from playing digital games. Digital games offer a promising and untapped opportunity to leverage children’s enthusiasm and to help transform learning in America.
DoughMain contributes to better financial literacy through educational games directly correlated to the National Standards in K–12 Personal Finance Education, which are created and maintained by the Jump$tart Coalition® for Personal Financial Literacy. These standards outline the personal finance knowledge and skills that K–12 students should master, and we have woven the standards into a gaming experience that makes them fun to learn.