BOSTON, Feb. 8, 2024 (GLOBE NEWSWIRE) — Tyton Partners, a strategic advisory and investment banking firm focused on the education sector, today announced the findings of its latest report, Investing in tomorrow: Enduring value of high school financial education. The report, produced in collaboration with Next Gen Personal Finance, the leading financial education nonprofit in the United States, found that there is a positive lifetime benefit of approximately $100,000 per student in ensuring that a high school student take a one-year course. semester course in personal finance.
This determination is especially important because, as of March 2023, only 24% of U.S. high school students were guaranteed to take a semester-long personal finance course. The report illustrates that providing personal finance education in high schools can have a positive impact on the economic development of every state and shape the financial landscape of future generations.
Main results of Investing in tomorrow includes:
Personal finance education has a transformative impact throughout a student’s life, positively influencing a wide variety of outcomes, including credit scores, debt management and retirement savings.
Taking a six-month personal finance course results in an average lifetime benefit per student of approximately $100,000, while the cost of implementing a stand-alone course can be kept low given the availability of high-quality curricular and professional development resources of teachers made available by suppliers at little or no cost.
To maximize the impact of personal finance education in high schools, implementation is key. It requires timely and comprehensive curriculum standards, teacher preparation through high-quality professional development, and flexibility in graduation requirements by state and local agencies.
Tim Ranzetta, co-founder of Next Gen Personal Finance, who contributed to the report, noted that “Personal financial literacy is the cornerstone of a resilient and empowered society. When students take a personal finance course, they not only prepares them for their financial future, but also results in many positive behavioral outcomes.This report sheds light on the critical role that high school personal finance education plays in shaping the future success of individuals, families and local economies .
The Financial Industry Regulatory Authority (FINRA) reports that 66% of Americans are considered financially illiterate, leading to real and harmful consequences like debt and poor financial planning. The report highlights that investing in financial education has a significant impact, providing students with the knowledge and skills needed for a more financially literate and resilient society.
Investing in tomorrow calls for a paradigm shift in education policy, advocating for statewide mandates for self-contained, semester-long personal finance courses. The undeniable correlation between personal financial education and overall well-being highlights the need for a comprehensive approach, laying the foundation for a generation capable of tackling life’s financial complexities with confidence and competence.
Light Investing in tomorrow: Enduring value of high school financial education Here.
About Tyton Partners
Tyton Partners is the leading provider of investment banking and strategic advisory services to the global knowledge and information services industry. With offices in New York and Boston, the firm has an experienced team of bankers and advisors offering a unique spectrum of services, from mergers and acquisitions to capital markets access to strategy development that helps companies, organizations and investors to overcome the complexities of the market. education, media and information markets. Tyton Partners leverages deep transaction and advisory expertise and an unprecedented level of global relationships to transform its clients’ aspirations into reality and catalyze innovation in the industry. Find out more at www.tytonpartners.com.
Learn about next-generation personal finance
Next Gen Personal Finance (NGPF) is a nonprofit organization committed to ensuring that all high school students receive personal finance training before graduation. NGPF has become the number one source for nearly 100,000 educators seeking engaging, high-quality personal finance programs to equip students with the skills they need to thrive in the future. NGPF invests in teacher professional development with live virtual professional development, 10 certification courses, and more than 40 asynchronous on-demand modules. NGPF provides its curriculum and professional development free of charge and is primarily funded by endowment funds. NGPF has been recognized by Common Sense Education as “the best website for teachers to find lesson plans” and “best business and finance games” and also named NGPF a “Learning Pick.” Visit ngpf.org for more information.
CONTACT: For media inquiries, contact: Zoe Wright-Neil Tyton Partners, Director of Marketing and Business Development [email protected]