Pennsylvania High School Students Tops in National Financial Capability Challenge
HARRISBURG, Pa., April 29, 2011 /PRNewswire-USNewswire/ — Pennsylvania ranked first in this year’s National Financial Capability Challenge, with 1,563 of participating students scoring in the top 20 percent, the Department of Banking said today.
The Challenge is an annual, voluntary online competition designed to increase the financial literacy of students aged 13-19 by strengthening their knowledge of the basics of saving, budgeting and investing.
Pennsylvania also led the nation in the number of students participating in the competition (7,047) as well as the number of high schools (139) and teachers (200) participating. Pennsylvania students ranked fourth nationally in the number of perfect scores achieved (40).
“Pennsylvanians should be pleased that so many teachers and students take financial education seriously enough to participate in this contest,” said Secretary of Banking Glenn E. Moyer, who oversees Pennsylvania‘s Office of Financial Education. “As young people become more financially literate, Pennsylvania will become economically stronger.”
Competitors answer questions on topics ranging from saving for college and retirement to managing expenses, concepts that demonstrate a basic understanding of personal finance. More than 84,000 students nationally took part in the competition.
The National Financial Capability Challenge is sponsored by the U.S. departments of Education and Treasury. Information about the contest is found online at www.challenge.treas.gov.
The Pennsylvania Office of Financial Education offers expertise to help employers, schools, and community groups better educate individuals and families. The office shows employers how to provide personal finance tips, tools and training to their employees; helps teachers incorporate personal finance principles into their courses; and provides assistance to community-based organizations to improve their delivery of high-quality financial education and counseling. For more information, visit www.moneysbestfriend.com.
Media contact: Ed Novak, 717-783-4721
Editor’s Note: Pennsylvania high schools that placed students in the top 20 percent of results are listed below (home-school programs listed separately below):
21st Century Cyber Charter School, Exton
Abington Heights High School, Clarks Summit
Abington Senior High School, Abington
Annville Cleona Secondary School, Annville
Avonworth High School, Pittsburgh
Beaver Area High School, Beaver
Big Spring High School, Newville
Bloomsburg High School, Bloomsburg
Bodine High School for International Affairs, Philadelphia
Carbondale Area High School, Carbondale
Cedar Cliff High School, Camp Hill
Central Bucks H.S. East, Doylestown
Central Bucks High School – South, Warrington
Central Bucks High School West, Doylestown
Central York High School, York
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