With the help of Intuit, high school teachers in the United States now have resources at their disposal to teach their students about personal and business finance.
The global financial technology platform announced in a press release on Tuesday, April 2, that the new Intuit for Education program covers budgeting, saving, managing credit, and other crucial skills.
According to the press release, Dave Zasada, vice president of education and corporate responsibility at Intuit, “As an organization that has been powering prosperity globally for 40 years, Intuit recognizes our unique opportunity and set a goal to help 50 million students become more financially literate, capable, and confident by 2030.”
According to the release, the Intuit for Education program offers free live and on-demand professional development for educators, more than 150 hours of courses on personal and entrepreneurial finance that they can teach students and interactive lessons and simulations that are powered by Intuit products like Mailchimp, TurboTax, QuickBooks, and Credit Karma.
Tuesday marked the introduction of the Intuit Hour of Finance Challenge, an initiative by the company to support Intuit for Education that aims to inspire schools to dedicate an hour to financial education during April’s Financial Literacy Month.
According to the press, the challenge teaches students about taxes, credit, investments, and other financial concepts through lesson plans and an online game called Intuit Prosperity Quest.
According to a release from Intuit, 85% of high school students want financial education taught in the classroom.
“We know that financial education works,” Zasada said in the release. “Our survey shows that 95% of students who receive financial curriculum at school find it helpful.”
Only 4% of Americans were able to correctly respond to the five questions on the Financial Industry Regulatory Authority’s (FINRA) financial literacy survey in 2022.
The survey found that, on average, respondents could correctly answer 2.6 questions, which is a decrease from 3.0 in 2009.
Regions Bank is conducting educational programs in observance of Financial Literacy Month. These include online seminars, in-branch events, and opportunities for customers to receive free, individualized advice for setting and tracking financial goals through the bank’s Regions Greenprint experience, which pairs customers with bankers to help them reach their financial goals.
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