October 28, 2008
America’s Teachers Issue Urgent Call for Financial Education in Classroom
CAMPBELL, Calif., Oct. 28 /PRNewswire/ -- In today's economic climate, financial literacy is crucial. HotChalk, the first online education resource connecting teachers, students and parents, surveyed over 500 teachers regarding financial literacy education for K - 12 students. Results were stunning. HotChalk found that an overwhelming 96% of the teachers surveyed voiced a need for financial literacy curricula while 76% believe national standards are necessary so students are equipped to handle financial issues as adults.
Edward Fields, HotChalk's Chairman and CEO stated: "It is our responsibility as adults, parents and citizens to provide children with the best financial education possible. In order to achieve this, teachers must be equipped with a high quality curriculum. Setting national standards is an important first step in using this 'teachable moment' in history to make a positive impact on our futures -- both ours and our children's. Today's children are tomorrow's leaders, and we must make sure they don't repeat our mistakes."On September 29th, the Dow Jones industrial average fell 778 points -- unprecedented for a single day -- and suffered several downturns and fluctuations since then. More than ever, teachers are realizing the key role of financial education in preventing a similar crisis in the future. The fall of the financial markets changed the opinion of 57% of the educators surveyed regarding the importance of financial literacy. 96% believe financial education is important, with 72% responding it is very crucial.
Despite overwhelming educator support for financial literacy education, teachers need administrative support for a successful program. Only 49% of teachers currently receive administrative support for implementing financial curricula, and only 55% currently incorporate financial education into their teaching. Support and standards-based resources are paramount for helping teachers integrate needed financial literacy skills into the core curriculum -- so our kids leave school equipped to secure both a healthy personal future and a more secure economy for our nation and the world.
HotChalk is offering its support by providing free financial literacy curricula for K- 12 students on HotChalk.com. Basic topics include saving, budgeting and managing a bank account, along with more advanced areas such as investing and using credit wisely. Lesson plans are found at HotChalk.com.
The HotChalk survey was conducted from October 2nd - October 22nd, 2008. Of the 505 participating teachers, 72% are public school teachers, and 80% teach 5th - 12th grade. 86% have been teaching over four years, and 45% over 15 years. 21% teach in the Northeast, 24% in the Southeast, 19% in the Midwest, 4% in the Northwest and 13% in the Southwest.
Founded in 2004, HotChalk focuses on improving the lives of teachers to drive measurable student results. The HotChalk Learning Management System is the first to deliver free Web-based classroom tools and premium content in partnership with NBC News, McGraw-Hill Education, National Geographic Digital Media, A&E Television Networks and PBS. This provides educators, schools and districts with 21st century tools to produce 21st century skills in students. HotChalk delivers state-aligned content, curriculum management, online professional development and a K-12 education news and community portal to more than 400,000 registered teachers worldwide. To learn more, log on to HotChalk.com.
CONTACT: Sharon Nieuwenhuis of RLM Public Relations, +1-212-741-5106x237, [email protected], for HotChalk
Web Site: http://www.hotchalk.com/