WVU and state educators want to teach students more about financial literacy | New

Educators across the state came together this week to participate in a financial literacy program at WVU, with the goal of educating more students on topics like financial planning and taxes.

Amy Pridemore, director of WVU’s Center for Financial Literacy and Education, said many students might not learn finance at home.

“It’s really important for us to be able to educate students in the classroom because they don’t get that education at home,” Pridemore said. “It’s generally a taboo subject to talk about personal finances or finances at the dinner table.”

For the past 20 years, the University has organized the University of Finance to equip public school teachers with the resources to educate students about financial literacy. This year, educators discussed cryptocurrency and investing in Roth IRAs.

“The greatest thing about financial literacy in West Virginia is that we need to make it easily accessible to everyone,” Pridemore said.

The conference includes presentations from industry partners and individuals across the region. This year, the conference held presentations on taxes, financial planning and taking charge of personal finances.

Foolproof, Troutwood, Next Gen Personal Finance and Take Charge Today are financial literacy organizations featured at the conference that are committed to providing educational resources that teachers can take back to their classrooms.

Pridemore believes that empowering young students with financial literacy will make them more successful in the future.

“Many of us have learned by doing and unfortunately we make mistakes doing it,” Pridemore said. “In order to provide these students with better financial decision-making, we need to provide them with financial education that will hopefully enable them to make better decisions for their future.”

Pridemore has observed a positive impact on the financial literacy of young students since the program began.

“I think the biggest change is that students are excited to learn more about personal finance,” Pridemore said.

Finance University began in the early 2000s with the West Virginia State Auditor’s Office and was taken over by WVU in 2015.

“They[students]see the headlines about cryptocurrency and investing in Roth IRAs, and are excited to learn more,” Pridemore said.