BOSTON, Feb. 08, 2024 (GLOBE NEWSWIRE) — Tyton Partners, a strategy consulting and investment banking firm focused on the education sector, announced today the results of its latest report, Investing in Tomorrow: Lifetime Value of Financial Education in High School. The report, conducted in partnership with Next Gen Personal Finance, the leading financial education nonprofit in the United States, found that there are lifetime positive benefits of approximately $100,000 per student from guaranteeing that the a high school student takes a one-semester course in personal finance.
This determination is particularly important because, as of March 2023, only 24% of high school students in the United States are guaranteed to take a semester course in personal finance. The report shows that guaranteeing personal finance education in high school can positively impact the economic development of each state and shape the financial landscape for generations to come.
Key findings of Investing in Tomorrow includes:
Personal finance education has a transformative impact on a student’s lifetime, positively influencing a wide range of outcomes, including credit scores, debt management, and retirement savings.
Taking a semester course in personal finance results in an average benefit per student over a lifetime of approximately $100,000, while the cost of implementing a standalone course can be kept low due to the availability of high-quality curricular and professional teacher development resources available to. providers at no or low cost.
To maximize the impact of high school personal finance education, implementation is key. This requires timely and comprehensive curriculum standards, teacher preparation through high-quality professional development, and flexibility in graduation requirements from state and local agencies.
Tim Ranzetta, Co-Founder of Next Gen Personal Finance, who collaborated on the report, said that “Personal financial literacy is the foundation of a strong and empowered society. their financial future but also results in many positive behavioral outcomes. This report sheds light on the important role high school personal finance education plays in shaping the future success of individuals, families, and local economies.”
The Financial Industry Regulation Authority (FINRA) reports that 66% of Americans are considered financially illiterate, leading to real and devastating consequences such as debt and poor financial planning. The report highlights that investing in financial education has a significant impact, equipping students with the knowledge and skills needed for a more financially savvy and resilient society.
Investing in Tomorrow called for a paradigm shift in education policy, promoting statewide mandates for standalone, semester-long personal finance courses. The undeniable link between personal finance education and overall well-being underscores the need for a comprehensive approach, laying the foundation for a generation capable of navigating the financial complexities of life with confidence and competence.
read Investing in Tomorrow: Lifetime Value of Financial Education in High School here.
About Tyton Partners
Tyton Partners is a leading provider of investment banking and strategy consulting services in the global knowledge and information services sector. With offices in New York City and Boston, the firm has an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and access to capital markets. capital to develop strategies that help companies, organizations, and investors navigate the complexities of education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and an unparalleled level of global relationships to make its clients’ dreams a reality and to drive innovation in the sector. . Learn more at www.tytonpartners.com.
About Next Gen Personal Finance
Next Gen Personal Finance (NGPF) is a nonprofit committed to guaranteeing that all high school students receive a personal finance course before graduation. NGPF has become the number one source for nearly 100,000 educators seeking high-quality, engaging personal finance curriculum 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 40+ asynchronous On-Demand modules. NGPF provides its curriculum and professional development free of charge and is primarily funded by the endowment. NGPF was recognized by Common Sense Education as “Top Website for Teachers to Find Lesson Plans” and “Best Business and Finance Games” and also named NGPF as “Selection for Learning.” Visit ngpf.org for more.
CONTACT: For media inquiries, contact: Zoe Wright-Neil Tyton Partners, Director of Marketing and Business Development [email protected]