At EVERFI, we imagine that monetary literacy is important to making a safe and equitable future. That’s why we’re proud to associate with the MassMutual Basis on a groundbreaking initiative that addresses the monetary schooling hole in faculties throughout the nation and in Puerto Rico. Collectively, we’re empowering college students with the instruments and information they should confidently navigate their monetary futures by way of the progressive FutureSmart℠ program.
Monetary literacy schooling is extra necessary at this time than ever earlier than. With many states missing the funding to implement devoted monetary literacy packages, too many college students are lacking out on the chance to be taught important life expertise. As an alternative, those that make an effort to be taught on their very own are turning to locations like TikTok or to mates, each of which regularly present unqualified and unreliable recommendation. With out correct schooling, college students are left to navigate advanced monetary choices with little to no steering, which might result in long-term unfavourable outcomes.
Analysis from the Nationwide Institutes of Well being exhibits that improved monetary literacy can considerably improve monetary well-being. Financially literate people are inclined to plan higher, save extra, and make smarter funding and retirement choices. This hole in monetary schooling must be addressed on the earliest phases of studying—that’s the place FutureSmart is available in.
What Makes This Program Completely different?
FutureSmart is a nationwide digital center faculty monetary schooling program designed to offer college students with free, complete monetary information. It has already been deployed in additional than 17,000 faculties, reaching greater than 5 million college students throughout all 50 states and Puerto Rico. This system is ready to achieve six million college students in 2025, with an emphasis on supporting low- to moderate-income (LMI) communities.
What units FutureSmart aside is its interactive, real-life method to studying. By taking part in hands-on workouts and simulations, college students be taught important information about budgeting, saving for emergencies, understanding rates of interest, and making sound monetary choices. It permits college students to expertise monetary situations firsthand and learn the way their choices at this time will influence their monetary well-being lengthy into the longer term.
This system was designed to satisfy college students the place they’re, prioritizing accessibility and inclusivity in its construction. It’s out there in each English and Spanish, making it extra accessible to various communities and gives monetary sources for educators and households, supporting larger involvement within the studying course of.
Probably the most thrilling points of this system is the FutureSmart app, which simulates real-life monetary choices and conditions. College students could make decisions associated to saving, paying for increased schooling, and opening financial institution accounts. As they navigate real-life challenges, they expertise the results of their choices in real-time, which helps to solidify their understanding of private finance. The interactive app additionally permits college students to share their outcomes and achievements on social media, including an additional layer of engagement and motivation.
A Partnership with a Function
At EVERFI, we’re dedicated to working with devoted, forward-thinking companions just like the MassMutual Basis to deal with systemic challenges in schooling and promote long-term monetary wellness from an early age. This partnership is about extra than simply closing the monetary literacy hole, it’s about guaranteeing that each pupil has the chance to thrive, regardless of their background or zip code.
As we work alongside the MassMutual Basis to broaden the footprint and capabilities of FutureSmart, we’re optimistic in regards to the ripple impact this program may have for people and communities sooner or later. This program is not only about instructing college students the worth of cash, however about empowering the subsequent era to take cost of their monetary futures, setting them on a path towards long-term success and safety.
Collectively, EVERFI and the MassMutual Basis are proving that after we spend money on schooling, we make investments sooner or later.
To be taught extra about why the MassMutual Basis selected to assist center faculty monetary schooling and the success of this system, learn the case examine right here.
