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In The News

Click on the links below to view our most recent news appearances.

 

 

4/24/12
Financial Literacy Resources for Teens and Families - Kentucky.com
Great online resources for information and programs related to financial literacy. 

11/15/11
Talking Fin Lit - Episode 43- Banking, Business, and School Stores Paving the Way Towards Financial Literacy
An Interview with Jennifer Allen, Jump$tart Teacher of the Year

10/11/11
The Courier-Journal - Bullitt East instructor named a financial literacy teacher of the year
Bullitt East High School teacher Amanda Comstock has been named one of three financial literacy teachers of the year in Kentucky.

9/15/11
Kentucky Teacher - KY Jump$tart names Financial Literacy Teachers of the Year
The 2011 winners of the Jump$tart Coalition Financial Literacy Teacher of the Year awards are Kristy Burberry, a business and marketing teacher at Menifee County High School in Frenchburg; Kelly Scheuher, a family and consumer sciences teacher at Hopkinsville High School in Hopkinsville; and Amanda Comstock, a business and marketing teacher at Bullitt East High School in Mt. Washington.

9/13/11
WAVE 3 - Bullitt East High School Teacher Amanda Comstock recognized by Kentucky Jump$tart Coalition
SHEPHERDSVILLE, KY (WAVE) - Bullitt East High School business and marketing teacher Amanda Comstock is one of three teachers selected for recognition by the Kentucky Jump$tart Coalition for Personal Financial Literacy® for her exceptional efforts of teaching financial literacy concepts to students.

3/21/11
Executive Director, Laura Levine
Jump$tart's Executive Director, Laura Levine, discusses financial literacy and its importance.

3/2/11
Boston (The Street)
Schools Play Financial Literacy Catch-Up
In his recent State of the Union address, President Barack Obama spoke of seeing a "Sputnik moment" for the nation's education system and the need to better prepare students with skills in math and science.

12/21/10
CBS Money Watch
Financial Education
But lasting change must include teaching financial wares to kids in school. We have to reach the K-12 generation before they develop bad habits. If we can show them simple concepts about saving and living within their means, and about risk, how markets work and the time value of money by the time they finish high school we’ll all be better off.

11/23/10
Kentucky Teacher - KY Jump$tart names Financial Literacy Teacher of the Year
The 2010 winner is Jennifer Allen, business teacher at Madison Southern High School in Berea, and runner-up is Sandy Maxted, business teacher at Assumption High School in Louisville. First Lady Jane Beshear presented the inaugural Financial Literacy Teacher of the Year award on behalf of Kentucky Jump$tart.

11/11/10
The Richmond Register - Madison Southern teacher earns award
Students in Jennifer Allen’s classes at Madison Southern High School are learning the importance of money.

11/11/10
EKU Business - EKU Business Education Alum Earns Teaching Award
Students in Jennifer Allen’s classes at Madison Southern High School are learning the importance of money.

3/28/10
Wall Street Journal (Family Finances Section) 
The 15 Money Rules Kids Should Learn

   It's a simple calculus, kids and money: From birth until college graduation, children consume dollars like they're chicken nuggets.
   For those of us who aren't independently wealthy, that puts unrelenting pressure on the family pocketbook. The financial demands of raising a child require that money you otherwise might use to prepare for retirement, or to save for a nicer house, a sportier car or a swankier vacation, must, out of necessity, be earmarked for Lego sets and pediatrician visits and school uniforms and Christmas toys and a college savings account and a minivan and a trip to Disneyland ... and lots of, well, chicken nuggets.
   I'm not saying this to disparage kids. I have two of my own, and money is nothing in comparison to the happiness they bring me and my wife. Yet happiness does not negate the fact that the moment a child arrives -- and, actually, months before the arrival -- your role as an adult changes in dramatic, profound ways.
   And so, too, does your family's financial life.
   Not only are you now on the hook for tens of thousands of dollars in costs over the next two decades, you also have a new obligation to teach your children about money so that they grow into adults who are at home in the financial world and who have a healthy relationship with money. You, the parent, are the first and most crucial link in that learning process.
   Visit The Wall Street Journal for more of the story, or view the attached document.

 
2/12/10 Credit Card Limits for Youth Can Be Opportunity for Parents
The New York Times
If youre having trouble figuring out how to raise financially responsible children, youll be thrilled with this news: Congress is stepping in to help you set some limits. This month, large parts of the credit card bill that President Obama signed into law in 2009 go into effect. Among them are rules governing credit card use by anyone under 21 years old.
 
12/23/09 Material Available to Improve Personal Money Management Skills
iSurfHopkins - Madisonville, KY and Hopkins County Online News Source
HOPKINS COUNTY, KY  Residents of Hopkins County have materials available to promote financial literacy.
The Kentucky Department of Financial Institutions (DFI) is once again serving in a lead role in promoting financial literacy for Kentuckians of all ages. Kelly May, DFI public information officer, was elected to a second term as president of the Kentucky Jump$tart Coalition for Personal Financial Literacy®.
The Kentucky Jump$tart Coalition is a nonprofit organization made up of more than 25 partner organizations and individuals. These partners  representing business, education, government and nonprofit associations  have joined together to improve personal money management skills through all stages of life. Some of Kentucky Jump$tarts initiatives include hosting an online clearinghouse of educational materials found at www.kyjumpstart.org/Clearinghouse.cfm, promoting April as Financial Literacy Month, and participating in the annual Career and Technical Education Summer Program for teachers, as well as the LifeFundamental$ Financial Literacy Summit.
 
12/23/09 Kentucky Jump$tart president is re-elected
Business First of Louisville
Kelly May, public information officer for the Kentucky Department of Financial Institutions, has been elected to a second term as president of the Kentucky Jump$tart Coalition for Personal Financial Literacy.
The coalition is a nonprofit organization composed of more than 25 organizations and individuals. The partners, representing business, education, government and nonprofit associations, have joined together to improve personal money-management skills through all stages of life.
May coordinates educational outreach for DFI, including financial workshops for students and adults, printed publications and investing and credit help online at www.kfi.ky.gov/public.
The Kentucky coalition is an affiliate of the national Jump$tart Coalition, which is based in Washington, D.C., and includes more than 180 national partners.
 
11/9/09 Financial Literacy: The Time Is Now
Business Week
When it comes to financial matters, Americans are functionally illiterate. That's the growing consensus among policymakers and educators, many of whom contend that the country's lack of financial sophistication is one cause of its current economic problems. Advocates for financial literacy are seizing on the economic crisis as an opportunity to confront the issue directly. Thanks to the recession, they're getting a response from governments, nonprofits, schools, and employers.
 
9/2/09 Getting Schooled About Money
Newsweek Web Exclusive
Though it's too early to measure the full impact of the Great Recession, anecdotally the interest in personal-finance classes has risen since 2007 when subprime became a four-letter word and bank failures a regular occurrence. Now, a handful of states including Missouri, Utah, and Tennessee require teenagers to take financial-literacy classes to graduate from high school. School districts such as Chicago are boosting their offerings in money-management classes for kids as young as elementary school, and roughly 300 colleges or universities now offer online personal-finance classes for incoming students.
 
8/23/09 Parents hold key to good financial education
Foster's Daily Democrat
With the abundance of "teachable moments" these days, will this be the year when parents step up and insist that schools include financial education as part of the school curriculum? ... Parents are the key to this. There is a hierarchy to education and school boards take their marching orders from the parents in their communities. If parents want a higher emphasis on personal finance in the classroom, then they need to tell their school board.
 
7/23/09 Financial Literacy: The Time Is Now
Yahoo! Finance
When it comes to financial matters, Americans are functionally illiterate. That's the growing consensus among policymakers and educators, many of whom contend that the country's lack of financial sophistication is one cause of its current economic problems. Advocates for financial literacy are seizing on the economic crisis as an opportunity to confront the issue directly. Thanks to the recession, they're getting a response from governments, nonprofits, schools, and employers.
 
4/15/09 Focus On Financial Literacy
KyPost.com - By Rep. Geoff Davis
In these challenging times, it is more important than ever to understand and monitor our family budgets and personal finances. Americans are facing a lot of uncertainty these days, so it is vital to educate yourself on the best ways to save and protect your finances for the future. Since April is Financial Literacy Month, I wanted to share some tools that will help individuals and families better manage personal finances, assist those who may be having trouble with mortgage, and protect against identity theft and scammers.
 
4/9/09 Push for financial literacy spreads to schools
WAVE 3 TV/The Christian Science Monitor
Create a budget and stick to it. Shop around for the best price. Pay off credit-card balances each month. Roy Kobert set aside his work as a bankruptcy attorney one Friday morning to teach these and other personal-finance lessons at Boone High School in central Florida. He starts by showing the 11 students of this senior-level business class a Saturday Night Live sketch in which Chris Parnell touts a book called, "Don't Buy Stuff You Can't Afford." He garners laughs, then delves into the basics. The students listen up. Three say they already have credit cards. One says his dad makes him read books by personal finance expert Suze Orman. All say most of their friends have no idea how to manage money.
 
3/26/09 Financial Literacy Month: What to Say to Your Kids?
FOX Business
National Financial Literacy Month begins on April 1, and many parents are taking the opportunity to speak to their children about being financially savvy before heading to college in todays economy. Having those first conversations with children regarding spending on tuition and making out a budget can be challenging.
 
2/4/09 What kids need to know about money
MSN Money
Experts offer a step-by-step guide to what your child should learn between preschool and college to become a fiscally responsible adult. So how do we turn our kids into fiscally responsible individuals? This article offers ideas for teaching them and what experts say kids should know about money at each age.
 
1/13/09 5 Ways Obama Can Improve Financial Literacy
U. S. News and World Report
The central concept behind new policy recommendations to boost Americans' financial literacy seems to be this: We're not stupid; we just haven't been taught properly. ... The financial crisis has only escalated the enthusiasm for increased financial literacy, says Ted Beck, a member of the council and president of the National Endowment for Financial Education. "It's one of the greatest teachable moments that's ever happened," he says.
 
11/13/08 Financial Literacy Legislation: Teaching our children fundamentals in finance is past due
Business Lexington (By Susan Westrom)
In Frankfort we are charged with determining core courses in our educational package for public schools that will provide a foundation for lifelong learning, and hopefully, the skill of problem-solving as our youth move into adulthood. ... You can expect to see financial literacy legislation filed again in the 2009 Regular Session. I challenge you to participate in the political process by insisting this legislation no longer be placed on the back burner and by demanding accountability of decision-makers in Frankfort who have the power to move this legislation forward. Our sense of outrage for the delay in meeting this educational responsibility should match the outrage we all feel as we try to figure out how we will regain our dream of retirement that has been profoundly compromised by situations beyond our own control.
 
9/3/08 High School Teachers Say Students Need More Preparation for Financial Decisions
Market Watch via PRNewswire
According to a new public opinion survey by AWARE, 97 percent say schools should teach vehicle financing and other financial literacy topics; 72 percent of teachers say students who are old enough to purchase a vehicle are ill-equipped to handle the car-buying process because of a poor understanding of personal finances. The teachers identified several topics they thought were of particular importance including acquiring a student loan, negotiating and financing a vehicle purchase, and negotiating and acquiring financing for a home. "A recent survey by the Jump$tart Coalition shows that financial literacy scores among high school youth have actually declined in the past two years, and with so many of these students eager to get their first set of wheels it isn't surprising that more than nine out of 10 of teachers feel that vehicle financing is an important subject to teach in the classroom," said Eric Hoffman, a spokesperson for AWARE. "Teaching personal finance topics in school is a great way to ensure bright financial futures for these young adults."
 
8/14/08 Editorial - Less Than Golden Years
New York Times
Even before the housing bubble, the country was facing a retirement crisis, with most Americans saving too little, if anything, for their post-working years. The housing bubble  and subsequent bust  have made that bad situation worse. ... Millions of Americans will not be able to recover their equity or build their savings in time to have a secure retirement. The sooner lawmakers and employers respond to this crisis  with legislation and education  the better the chances for limiting the damage.
 
4/29/08 Financial Literacy (column)
Congressman Geoff Davis - Fourth District Report
Since April is Financial Literacy month, Congressman Geoff Davis shares some tools to help you better understand your finances and protect yourself against identity theft. These tools include free credit reports, parents educating children and resources on the Kentucky Jump$tart Web site and at www.mymoney.gov.
 
4/29/08 Learning financial literacy
Reuters (Sri Lanka Daily Mirror)
The financial services companies would like you to know that April is Financial Literacy Month. Americans, they say, are fiscal illiterates who spend more time learning box scores than they do reading the small print on their credit card bills. That, as a nation, we don't understand how our money is saved, spent or invested -- and that we pay a hefy price for our ignorance. They may have a point, but isn't it also sort of their fault? Financial services companies are more difficult to understand than car mechanics or surgeons, according to a new survey. And most of the time, when those self-same companies try to "teach" financial literacy, what they're really telling you is why you should buy their product over somebody else's. It's hard to learn when you don't know whether you can trust your teacher. But persevere anyway. Folks who remain uninformed about finance tend to subsidize everybody else by paying high fees and investing in bad products. And there are some good, impartial sources of information out there. Take it slow, and by next April you'll know way more than you know now. Here's how to become a self-taught financial whiz.
 
4/23/08 Finance 101: High Schooler vs. You
Lexington Herald-Leader
Are you smarter than a high-school senior when it comes to finances? About 7,000 high-school seniors in 40 states who recently took part in a financial literacy survey could answer only 48.3 percent of questions correctly, on average. (Includes four survey questions so you can test yourself.)
 
4/9/08 High School Seniors Get 'F' in Finance
Associated Press
Young people's financial know-how has gone from bad to worse. High school seniors, on average, answered correctly only 48.3 percent of questions about personal finance and economics, according to a nationwide survey released Wednesday by the Federal Reserve. That was even lower than the 52.4 percent in the previous survey in 2006 and marked the worst score out of the six surveys conducted so far.
 
4/9/08 Speech: The Importance of Financial Education and the National Jump$tart Coalition Survey
Board of Governors of the Federal Reserve System
Speech delivered by Federal Reserve Chairman Ben S. Bernanke at the Jump$tart Coalition for Personal Financial Literacy and Federal Reserve Board Joint News Conference in Washington, D.C. The speech serves as a briefing on the results of the Jump$tart Coalition's biennial financial literacy survey of America's high school seniors.
 
2/19/08 Flagging Economy Propels Financial Education
Education Week
Financial education experts have been advocating teaching students economics and personal-finance skills for decades. But while they have seen progress in getting those lessons into the nations high schools, concerns about the foundering economy are helping to highlight the need to improve students understanding of money matters.
 
1/27/08 Increasing financial literacy: What you don't know can hurt you
LA Times
Financial illiteracy has become the new redlining. Vast numbers of us go to college and own homes and cars. But we don't know how to budget for our households or how to balance our checkbooks.
 
1/22/08 President Bush Announces President's Advisory Council on Financial Literacy
The White House
President Bush signed an executive order establishing the President's Advisory Council on Financial Literacy. People from the business world, the faith world and the non-profit world have joined council in order to come up with recommendations as to how to better educate people from all walks of life about matters pertaining to their finances and their future.
 
4/30/07 Financial Literacy Now on the National Agenda
Operation HOPE, Jump$tart and others
A group of seven leading financial literacy experts, representing a variety of local, national and international organizations, met with President George W. Bush and key members of his Cabinet last week to discuss the need for action to improve financial literacy in America. The Presidents meeting with financial literacy leaders, held during National Financial Literacy Month, represents the first time in U.S. history that a sitting President has called a meeting on financial literacy as a national priority in and for America.
 
4/25/07 President Bush Participates in Meeting on Financial Literacy
The White House
 
4/6/07 Promoting Financial Literacy
The Courier-Journal
An opinion piece by Bradford Cummings recaps the national and Kentucky results of the National Financial Literacy Survey distributed by the Jump$tart Coalition.
 
11/1/06 Interim Joint Committee on Education - Minutes of the 4th Meeting of the 2006 Interim
2006 Interim Legislative Record, Vol. 19, No. 6
The Legislative Record is the newspaper of the Kentucky General Assembly and records the minutes of meetings during the interim. Jump$tart members presented to the Education Committee during the 2006 interim.
 
5/24/06 Testimony of Chairman Ben S. Bernanke

Testimony of Chairman Ben S. Bernanke Financial literacy Before the Committee on Banking, Housing, and Urban Affairs of the United States Senate May 23, 2006