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Philadelphia Fed to Host Youth Financial Education Summit

For immediate release
Contact: Katherine Dibling, E-mail Public Affairs Specialist, (215) 574-4119

Philadelphia, Pa. — Federal Reserve experts will share a number of economic education lessons with high school students from the Philadelphia school district during the Federal Reserve Bank of Philadelphia’s Youth Financial Education Summit from 9:30 a.m. to 1 p.m. on September 21, 2012, at the Philadelphia Fed, 6th and Arch streets.

The summit, hosted by the Bank’s economic education staff, will offer more than 70 area high school students a free session on personal finance, covering topics such as budgeting, saving, investing, and the wise use of credit. The summit is part of a cooperative effort among several Federal Reserve Banks and the Congressional Black Caucus Youth Financial Education Summit in Washington, D.C.

"The Summit is an opportunity to teach students the skills and processes required to make sound financial decisions and manage their own personal finances," said Andrew Hill, economic education advisor at the Federal Reserve Bank of Philadelphia. "It is important that high school students develop the ability to manage their personal finances because it is an investment that will benefit them now and after graduation."

The lessons taught will be drawn from the Council for Economic Education's Financial Fitness for Life, Grades 9-12, and Learning, Earning, and Investing, Grades 9-12 and will be correlated with Pennsylvania’s Academic Standards for Career Education and Work; Economics; and Family and Consumer Sciences, as well as the Common Core Standards. A taped message about financial responsibility from Congressman Chaka Fattah (D-PA) will open the meeting with the students.

The Youth Financial Education Summit is just one way the Philadelphia Fed promotes financial education across the Third Federal Reserve District, which includes eastern Pennsylvania, southern New Jersey, and Delaware. Other services include providing teacher training programs, lesson plans, and consumer resources. For more information about resources available for students and teachers, visit the Bank’s Education web page.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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