Treasurer Josh Mandel Hosts 2016 Personal Finance Challenge State Finals
Press Release - Ohio Treasurer's Office
COLUMBUS – Treasurer Josh Mandel and the Ohio Treasurer’s office hosted the 2016 Personal Finance Challenge State Finals on Thursday in Columbus. Sponsored by Fidelity Investments and facilitated in partnership with the Ohio Council on Economic Education and the University of Cincinnati Economics Center, this event was the final competition in a statewide challenge that tested participating high school students’ knowledge of economics and personal finance during National Financial Literacy Month.
Over 500 students throughout Ohio competed in an online portion of the challenge and the top teams advanced to the state finals. Finalists included student teams representing Madeira High School in Hamilton County, Oakwood High School in Montgomery County and West Geauga High School in Geauga County. A student team from Madeira High School won the final personal finance “Quiz Bowl” and will advance to the national competition held in Kansas City, Missouri on May 6. Last year, Madeira High School placed second in the national competition.
The Ohio Treasurer’s office also provided a guided tour of the Ohio Statehouse for participating student teams.
“This competition is a valuable resource for students to learn the ins and outs of personal finance,” said Treasurer Mandel. “I am proud to partner with these organizations to help advance financial education across Ohio and prepare students for their futures.”
“The Ohio Personal Finance Challenge allows students the opportunity to take the information they have learned in class and apply it in a fun and challenging environment,” said Jennifer Jordan, teacher of the winning team from Madeira High School. “Madeira High School students look forward to this competition each year, and I appreciate the effort that it takes to host this event.”
The Ohio Council on Economic Education (OCEE) is a not-for-profit organization that works to ensure Ohio’s state educational curriculum includes financial literacy. The University of Cincinnati Economics Center focuses on providing financial and economic education throughout Ohio and provides a variety of programs to help support schools, educators, state officials and educational organizations in this mission.
Senate Bill 311, which passed the Ohio General Assembly and was signed into law in 2007, requires Ohio schools to integrate the study of economics and financial literacy into one or more existing social studies credits so that every high school student receives financial instruction. These new requirements became effective with the graduating class of 2014.
To assist teachers in meeting these requirements, Treasurer Mandel launched the Financial EDge initiative to provide tools and resources to help Ohioans make smart money choices. Financial EDge leverages technology and public-private partnerships to provide free financial education tools to parents, educators and students.
This effort is part of the Ohio Treasurer’s office ongoing commitment to providing financial literacy resources to all Ohioans.
For more information on these resources please visit www.OhioTreasurer.gov.