Financial Literacy

Barely Average Financial Education in the U.S.

It might not be surprising, but the United States isn’t close to the top when it comes to basic financial literacy skills among teenage students. Which country is? China. The 2018 Program for International Student Assessment (PISA) survey found the U.S. 7th out of 15 countries surveyed on understanding essential financial concepts and risks. China,…

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National Financial Literacy Month – Building Your Toolkit!

We know it’s a touchy subject, but let’s talk about money! Want to know your financial literacy score? Take our short, 10-question quiz where you’ll be able to see how financially literate you are. Do you have what it takes to get a perfect score? Click the image below to take the quiz and feel…

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National Financial Literacy Month Just Got More Exciting

Everyone knows there are certain things you just don’t discuss in polite company, right? It seems this month we need to recognize the taboo that no one even seems to want to talk about; money. In 2003, the National Endowment for Financial Education introduced Youth Financial Literacy Day, and in 2004, the U.S. Senate passed…

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Student Debt – A Growing National Crisis

Over 70 percent of Bachelor’s degree recipients need to borrow money to attend college – having racked up $1.3 trillion in student loan debt nationally. With the average debt being over $29,000 at graduation time, student debt is putting a major strain on the economy. NY Fed economist Rajashri Chakrabarti outlined the possible effect of…

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Holiday Saving Starts NOW

Summer was the time to get away, but now we’re back to school, college, and work. Before we know it, Thanksgiving will be over and the holidays will be nipping at our heels. The AICPA reports that 6 in 10 US adults report the year-end holiday season is their most stressful time of year. This…

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Money$peak Expands, Maintains Focus on Retention, Real-Life Skills

Money$peak is expanding its reach. The Mercadien Foundation, in partnership with Rider University’s Graduate School of Business, concluded its second year of the Money$peak program in June 2016 with great success and huge acclaim, working with six central New Jersey school districts and advancing personal financial literacy for more than 250 students. Money$peak now continues…

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Central NJ High Schools Win Big At Regional Money$peak Competition

Princeton, NJ – The expanded second annual Money$peak competition, presented by the Mercadien Foundation and Rider University, with participating student teams from Bordentown, Hillsborough, Hopewell Valley, Lawrence, Steinert, and West Windsor Plainsboro North high schools, was held before a crowd of supporters on Wednesday, June 1, 2016.  To get to this final regional personal finance…

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Tax Scams On The Rise – Identity Theft A Major Threat To Americans

Most Americans filed their 2015 tax returns by the extended April 18th deadline this year and will do their best to forget about taxes until they’re due again in 2017. However, increasing numbers of Americans don’t have the luxury of forgetting about taxes until next year because they’ve been victims of identity theft. Since the early 2000s,…

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Money$peak Expands in Central New Jersey on June 1

Princeton, NJ – High school students in central New Jersey will participate in an expanded, second annual Money$peak competition on June 1 at 6:00 p.m. in Rider University’s Bart Luedeke Auditorium. The Mercadien Foundation sponsors the event – with support from The Mercadien Group, New Jersey Manufacturers Insurance Company, Rider University, the TD Charitable Foundation,…

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April is Financial Literacy Month: Learn 4 Important Steps for Getting Ahead!

Financial literacy, defined as the ability to use knowledge and skills to manage financial resources effectively for a lifetime of well-being, is a long-standing issue that was publicly recognized in 1995 by the Jump$tart Coalition for Financial Education. Many solutions have been proposed throughout the last two decades to improve the health and well-being of…

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