Money Management International Financial Education Foundation (MMI Foundation) fulfills its mission of educating persons on sound financial skills by continuing to partner with the Missouri Council on Economic Education (MCEE) in their quest to break new paths in economic and personal financial education in the state of Missouri. The MCEE recently achieved the approval of a new high school graduation requirement of a one-semester course in Personal Finance that will impact approximately 65,000 students every year in Missouri.
“Approximately $7,800,000 will be spent annually in simply staffing these courses – an amount of money far beyond the resources of our or any other Council on Economic Education in the country,” said Stan Mengel, MCEE President and CEO.
In response, the MMI Foundation has presented a grant to the MCEE to help fund its mission to positively impact the financial education of the children and youth of Missouri. This mission is accomplished mainly through educating teachers in economics and providing them with the materials essential to economic and financial education. Teachers of kindergarten through the high school level are trained in methods for integrating economics and financial education across their curriculums.
The Stock Market Game offered by the MCEE enrolls about 12,000 children and youth each year in a stock market simulation activity teaching concepts, functions and vocabulary. The MCEE anticipates an increased demand for the program with the institution of the new Personal Finance course.
Funded as an extension to the education and counseling Money Management International (www.moneymanagement.org) provides, the MMI Financial Education Foundation exists to educate the general public on building sound personal financial skills by supporting programs that teach those skills and principles. For more information, visit www.mmifoundation.org.