Thursday, October 2, 2014
SIFMA Funded Programs Provide Financial Literacy to Millions of Students
While several factors contributed to the financial crisis of 2008, a lack of financial literacy among the general public exacerbated some of those issues.
Many investors today are financially illiterate. That’s right, illiterate. Defined as “having or showing a lack of knowledge about a particular subject.”
For 37 years, the SIFMA Foundation has sponsored one of the most popular and effective tools for educating future investors about the market: The Stock Market Game™. The program is an online simulation in which student teams in grades 4-12 manage a hypothetical portfolio of $100,000. Each school year, more than 600,000 students across the country participate. The Stock Market Game has reached 15 million students since its inception in 1977....