More than 63% of Americans consider themselves financially illiterate, lacking the knowledge, skills and resources needed to make informed financial decisions. To help address that issue, Short Hills-based Investors Bank will again launch a free, digital financial learning experience for high school students in Essex, Hudson, Middlesex and Union counties in New Jersey during the 2021-2022 school year.
The program, Money Moves: Modern Banking & Identity ProtectionTM, was designed by Zelle® and EVERFI, the leading social impact education technology company. The strategic partnership with Investors will provide students in grades 9-12 with practical knowledge and empowerment for making educated financial decisions in an ever-changing digital world.
“Education is essential to creating the strong communities necessary to keep our region moving forward. Investors Bank is involved with the Money Moves program because we feel it is our obligation to ensure the next generation is able to make sound financial decisions, while avoiding fraud and protecting their identity,” said Investors Bank Chairman and CEO Kevin Cummings.
Through the program, students will learn safe and responsible strategies for using online and mobile banking, and other modern financial tools. The four-part program covers:
Each lesson takes students through various scenarios using diverse environments and characters. Problem-solving exercises help students learn the material and understand the real-life applications. The lessons are aligned with Jump$tart National Standards, CEE National Standards for Financial Literacy, and state-based Financial Literacy Standards.
“As banking and the delivery of financial services continue to evolve in this increasingly digital age, Investors Bank feels a real responsibility to the next generation to ensure they have a solid financial education,” said Investors Bank Chief Administrative Officer Brian Doran. “Our evolving and valued strategic partnership with EVERFI will continue to help enhance this commitment to our communities.”
The schools which previously engaged with the Money Moves program during the 2020-2021 academic year included:
EVERFI delivers the necessary training and tools for teachers in the participating schools to use the learning modules and provides any needed support. The program is designed to fit into school curriculum areas such as finance, economics, business, family and consumer sciences, and career and technical education.
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