Everfi Teaches Money Management To Kids
Genworth Financial has announced a three-year commitment to funding a pilot program that uses online tools to teach Virginia high school students about finances. Craig Carper reports.
The program, known as Everfi, will initially be brought into 100 Virginia high schools, with plans to eventually include all 325 in the Commonwealth.
Everfi’s web-based curriculum teaches students about personal finance using games, high definition video, diagrams and social media.
Lt. Governor Bill Bolling says it is crucial, now more than ever, to teach students these lessons.
Bolling: Nationally, only about 48 percent of high school graduates can pass a financial literacy test. That’s simply unacceptable. We need to do a lot better than that at educating young people on how the economy works and how their personal finances should be managed and this is a great way to achieve this goal through a public-private partnership.
Tom Davidson, Chairman and CEO of Everfi, says many students are already applying these lessons outside of the classroom.
Davidson: One of the things that we’ve seen has been more and more we get letters where students started to telk to us about how they went home and renegotiated their parents’ credit card accounts, a student in East Baton Rouge who called us and said, ‘ I went home and helped my mother file her taxes for the first time in her life. She'd been working for 15 years.’
Everfi, which was founded in 2008, is now used in 49 states and certifies thousands of students each week in financial literacy.
Craig Carper, WCVE News