STUDENT NEWSLETTER | FALL 2020
IN REAL LIFEPay Attention in Class!
"What you are learning is very important, especially once you begin to make big financial decisions for your future in college or a post-high-school career. Understanding the different types of loans will be very helpful when dealing with financial aid packages." — Charlotte Stefani
FOR FAMILIES AND FRIENDSAnnouncing Talking Cents!
We are excited to launch Talking Cents, conversation cards designed to break the taboo of talking about money by facilitating casual conversations between families and friends. Talking Cents empowers families and friends to consider their own financial attitudes, values, and beliefs and how they are shaped by different circumstances and previous financial experiences. With no right or wrong answers, the goal of the cards is to normalize conversations about money.
CAREER CORNERCreating Visualizations to Understand Trends
"Regularly, I am using data analytics tools, including primarily Tableau, Excel, and SQL, to answer questions about what risks I am seeing at different banks, in different industries and sectors, and if there are notable market trends that our team should monitor. I work closely with preparing analysis for different presentation requests for direct bank supervisory teams, the Board of Governors, and different Reserve Bank presidents." — Rahat Sajwani
WATCH NOWNew Video on Quality Financial Education Access
In an increasingly complicated global economy, financial education is an essential academic subject. However, quality financial education is rarely available, meaning most students leave school unequipped to make informed financial decisions.
We invite you to watch our new video that explains the current state of financial education in classrooms across the United States, what high-quality financial education looks like, and why teaching sound financial decision-making is so critical to our students.
WHAT WE'RE WATCHINGRacism and the Economy
To put a spotlight on how racism threatens our economy and limits the opportunities for people of color, the Federal Reserve Banks of Atlanta, Boston, and Minneapolis have launched “Racism and the Economy,” a seven-part series of virtual events aiming to examine and advance actions to dismantle structural racism.
We discuss how this conversation is connected to the work we’re doing in the field of financial literacy in our latest post.
FOR YOUR CONSIDERATIONFinancial Education Is Not Enough
Good financial education can provide an essential foundation of knowledge and decision-making practice on which to build better financial behaviors over a lifetime. While quality financial learning is valuable, it is also not enough. Financial education should be complemented by five key experiences and supports including improved access to financial institutions, just-in-time information, attention to individual differences and biases, awareness of historical inequities and barriers, and policy changes.