11 Mar Making Financial Literacy Fun for Kids
To help promote financial literacy and the importance of investing for the future, NetWorth Services CEO Nico Willis visited Carl Hayden High School in Phoenix to launch a nine-week virtual Stock Market Game for members of the school’s senior class. During the visit, Willis was interviewed about the company’s involvement by CBS News in Phoenix.
“It’s more than important than ever to assure that each young person enters adulthood with a basic understanding of the economy, investing and how they can be a successful participant in both, “ said Willis. “We wanted to bring some of the financial companies in Phoenix together and provide this tremendous opportunity to these kids.”
The Stock Market Game from the Arizona Economic Education Council, or AZECON, gives students experience in trading stocks in real time with a $100,000 virtual account. Both members of the winning team will get a paid summer Internship at NetWorth Services. Winners of the top two teams will each receive a new Chromebook, a day at Edwards Jones on the trading floor and lunch with brokers. The two runner-up teams will be awarded a visit to Charles Schwab for a view into financial careers. The teacher of the winning team will receive a ‘stay-cation” at the Gainey Suites in Scottsdale. Other cash prizes are awarded by AZECON.
The Stock Market Game is an online education program used in thousands of classrooms nationwide to help teach math, social studies, business economics and language skills while focusing on the importance of long-term savings and investment. A rigorous, randomized controlled trial found that the program improved student performance in mathematics and increased students’ financial literacy.
The Stock Market Game runs from February 4th – April 12th, 2013 for the spring term. High school students are participating against each other within the school, against other teams in the state, as well as on a national level against all participating high school students in the country.