Students From Florida, California and Texas Win First Place in the Council for Economic Education’s National Personal Finance Challenge and National Economics Challenge
NEW YORK, June 07, 2022–(BUSINESS WIRE)–Demonstrating winning knowledge of personal finance and economics that sets young people on paths to lifelong success, students from Land O’ Lakes High School in Florida, The Harker School in San Jose and St. John’s School in Houston scored top nationwide rankings in the National Personal Finance Challenge (NPFC) and two divisions of the National Economics Challenge (NEC) organized by the Council for Economic Education (CEE).
“You don’t learn about managing your money just by wishing, or about making complex economic choices just by following the news. It’s tough to thrive if you don’t understand,” said Nan J. Morrison, president and chief executive officer of CEE. “The students on these teams demonstrated an extraordinary level of knowledge in part because their schools offer classes in these life-essential topics.”
Only 25 states require students to take a course in economics to graduate, while 24 require a class in personal finance, according to CEE and its 2022 Survey of the States.
To reach the final competition in New York City, school teams had to first win their state titles and then rise to the top in a semifinal round last month.
“We strongly believe that financial education helps young people in all income levels become smarter consumers, lead more productive lives and build stronger communities,” said Heather Lavallee, CEO of Wealth Solutions, Voya Financial, which sponsors the NPFC. “We congratulate the winners and everyone who’s taken or teaches these important classes.”
Every student on each finalist team receives a cash prize.
Winning teams in the NPFC national finals:
Land O’ Lakes High School of Land O’ Lakes, Florida – first place
Applications and Research Laboratory school of Ellicott City, Maryland – first runner-up
Ardrey Kell High School of Charlotte, North Carolina – second runner-up
Germantown High School from Madison, Mississippi – third runner-up
Championships in the NEC are staged in two groups based on experience levels.
In the NEC’s David Ricardo Division for first-time competitors:
St. John’s School of Houston, Texas- first place
Phillips Exeter Academy from Exeter, New Hampshire – first runner-up