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April Is Financial Literacy Month!

High school students visit The Fed Experience, located in the lobby of our Richmond office. Our interactive museum provides an introduction to money and saving.

By Yolanda Ferguson and Laura Fortunato

Whether you’re a child or an adult, a student or an educator, the Richmond Fed wants to help you understand the economy and your place in it. Year-round, our Economic Education team offers information, tools and programs to enhance the public’s understanding of the economy and the Federal Reserve — they engaged nearly 20,000 K–16 students and over 1,000 educators in 2018.

But during #FinLitMonth, we’re upping our game and joining partner organizations within our District in offering unique opportunities to build personal finance and economics skills.

“Supporting economic and financial literacy is part of our public service mission at the Fed. We do this all year long. But Financial Literacy month is a great time to join community partners in a concerted effort to raise awareness of the educational resources and programs that are available,” said Richmond Fed’s Director of Economic Education Nick Haltom.

Richmond Fed Director of Economic Education Nick Haltom presents Invest In What’s Next to educators in Charlotte.

MoneySmart Week, held one week in April, is a national initiative engaging like-minded organizations that offer financial literacy programming in their communities. During this time each year, our Economic Education team partners with the North Carolina Council on Economic Education in hosting academic competitions like the Economics Challenge for grades 9–12 and the North Carolina Personal Finance Challenge for grades 9–12. We’ll also partner with the NCCEE and the Virginia Council on Economic Education in holding teacher workshops that include school districts in low- and moderate-income communities.

The Fed Experience, located in the lobby of our Richmond office, is our interactive museum where kids will get an introduction to money and saving. Almost 4,000 individuals of all ages visited last year to explore their connection to the economy, and more than 49,000 have visited since it opened in 2012.

College and career programs will be available for high school students to engage in career exploration, budgeting and examining their level of preparedness (soft skills) as they get ready for life after graduation. Our employees also will be on hand to read books in the elementary classroom. They will also assist with career fairs and share resources that can give middle school age students a jump start preparing to be college- and career-ready. Additionally, Invest in What’s Next: Life After High School, our online tool, is available 24–7 as a resource for helping students make career plans and financial decisions from home.

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