A new survey finds that nearly 60 percent of teens believe they won't be ready to financially support themselves by age 24, calling attention to the urgent need to teach them how to manage their money.
In partnership with Worcester Technical High School and Worcester Credit Union, the Regional Resource Science Center at UMass Medical School has received one of 11 state-funded $20,000 Financial Literacy Pilot Program first-year planning grants to develop innovative financial literacy programs to help high-schoolers achieve basic financial literacy before graduation.
Lead for the Resource Center on the grant team will be Wendy Cleaves, MME, MEd. Cleaves, a former middle school math teach and math coordinator for the resource center, co-developed the Mathematics Learning Communities facilitator training program that has been implemented statewide on behalf of the Mass. Department of Elementary and Secondary Education, and has been incorporated into the nationally disseminated Intel Math program.
The Financial Literacy Pilot Program is a three-year pilot established by the Legislature in 2012 to help school districts equip high school students with the knowledge and skills necessary to become self-supporting and make critical decisions regarding personal finances. Grant teams will develop curricula to engage students in developing personal financial knowledge and skills for college and career readiness, and pilot them in the 2013-2014 school year.