According to research,1 people with inadequate education and low levels of financial literacy tend to be less financially secure, less prepared to take care of personal and family responsibilities, and more vulnerable to financial issues. Most teachers believe that learning about finance is important; however, only a minority of them feel "very confident" to actually teach about it.
Our long-standing commitment to providing customers with financial education extends to surrounding communities through the Fidelity Cares Teacher Financial Literacy Training program. These free financial literacy training sessions, offered across the United States, provides K-12 teachers with the basics of managing personal finances and aims to provide them with effective ways to pass that financial savvy on to their students. 2 The program began in 2013, inspired by work that the North Carolina region led with the N.C. Council for Economic Education (NCCEE). Our partnership with the NCCEE is a way of giving back to the community that pays it forward to future generations of students.
The program's success is evident to many, including state governors, treasurers, and Consumer Financial Protection Bureau's Director Cordray, who have attended in-person events. To date, more than 1,000 teachers have participated, who currently serve 100,000 students. Over the next decade, even taking into account teachers leaving the field, this number could grow to over 750,000. Read about our commitment to financial education from a recent event in North Carolina.