H&R Block Providing $2 Million In Financial Literacy Curriculum; Helping 200,000 High School Students Learn About Money Manag...
October 04 2017 - 9:00AM
Nearly two thirds of Americans can’t pass a basic financial
literacy test1 and 70 percent of teens don’t know what a 401(k)
is,2—two of many indicators that financial education isn’t getting
the attention it deserves. H&R Block is working to change that.
During the 2017-2018 school year, H&R Block is giving high
school teachers nationwide $2 million in curriculum they can use to
teach their students about personal finance.
The curriculum is in the form of the H&R Block
Budget Challenge, an online game where students pay bills,
manage expenses, save money, invest in retirement and pay taxes as
if they were entering the real world. Not only do students learn
valuable life skills, 10 students will earn $20,000 scholarships
for their performance in the program.
“There’s often a disconnect regarding where students should be
learning about finances. Parents think they are learning about it
at school, while schools believe those conversations are happening
at home,” said Kathy Collins, chief marketing and strategy officer
of H&R Block. “The H&R Block Budget Challenge is a way to
make personal finance education more accessible and fun.”
Alex Brutus, a scholarship winner in the 2016-2017 H&R
Budget Challenge, believes a lot of kids have a hard time managing
money once they’re thrown into the real world. “Now I know a little
bit more about what to expect in real life with my finances — like
what kinds of bills I’ll have, how to pay them and why you should
contribute to a 401(k),” Brutus said.
This marks the fourth year of the H&R Block Budget
Challenge. H&R Block has invested more than $13 million in
curriculum, grants and scholarships since the program’s inception.
The H&R Block Budget Challenge is part of H&R Block
Dollars & Sense, the company’s commitment to helping
teens become financially responsible adults. To date, H&R Block
has helped more than 1 million teens increase their money
management knowledge through a variety of programs.
Registration for the 2017-18 H&R Block Budget Challenge is
now open. To learn more, including eligibility requirements, or to
register visit www.HRBDS.org.
Editor’s Note: Former participants – including students and
teachers – are available to share their personal experiences with
the H&R Budget Challenge.
Sources:
-
http://www.usfinancialcapability.org/downloads/NFCS_2015_Report_Natl_Findings.pdf
-
https://www.juniorachievement.org/documents/111527/858605/2017+Teens+and+Personal+Finance+Survey+PDF/393242e3-1231-4711-bd92-a865b5a7d837
About H&R Block Dollars & SenseH&R
Block, Inc. (NYSE:HRB) is a global consumer tax services provider.
Tax return preparation services are provided by professional tax
preparers in approximately 12,000 company-owned and franchise
retail tax offices worldwide, and through H&R Block tax
software products for the DIY consumer. H&R Block Dollars &
Sense is committed to increasing teens’ financial fitness by
providing practical financial skills and has helped more than 1
million teens become more real-world ready. For more information,
visit the H&R Block Newsroom, www.HRBDS.org or follow H&R
Block on Twitter, Instagram or Facebook.
About ProperLivingBased out of Cincinnati,
Ohio, ProperLiving, LLC owns and operates the Budget Challenge
Personal Finance Simulation, which received a U.S. Patent in May
2013.
Contact:dollarsandsense@hrblock.com
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