West Virginia University is taking the lead in helping the state’s educators prepare students for life’s financial realities.  Naomi Boyd from the  John Chambers College of Business and Economics joins experts from the region to offer resources, including classroom tools and materials and online educational programming in this “teach the teachers” event.  Finance University will be held July 7-11 at the Hampton Inn and Suites at University Town Centre in Morgantown.

Quotes: 

“The need for financial literacy is critical in today’s world, especially with the topic of money management driving conversations with families dually preparing for the financial realities of retirement and taking on college loan debt. Finance University offers the necessary tools to help improve understanding of personal finance —and in turn, can impact decisions that have the ability to greatly improve the financial health of the next generation.”— Naomi Boyd, Fred T. Tattersall Chair of Finance and director of the Center for Financial Literacy Education, John Chambers College of Business and Economics

Resources:

• Baby Boomers on the verge of retirement are coming up short in retirement savings. Married couples need an average nest egg infusion of $38,608.00, and if they are at risk of shortfalls from health and other expenses, they could need an additional $142,598. Generation X couples are expected to need an extra $42,758 in savings, or $164,166 if they are “at risk.” In total, EBRI estimates that Americans are presently short by $4.13 trillion. — Employee Benefit Research Institute
• Finance University educates attendees about online financial programs and calculators that can help gauge their level of preparedness.
• Finance University is made possible by a grant from Next Gen Personal Finance and is recognized as a best practice for teacher trainings by the U.S. Financial Literacy Education Commission. Attendees receive three hours of professional development credit.

WVU Center for Financial Literacy and Education