Colleagues,

Do Financial Literacy programs work? Maybe not. At least the evidence  
that it works is scant according to an article in today's Erie Times  
News which quotes Lauren Willis, a professor at Loyola Law School in  
Los Angeles and author of a new report, "Against Financial Literacy  
Education." She says, "They don't work. ... The idea that we are  
making Americans financially literate to handle their own credit and  
investment needs, it is a fallacy."

http://tinyurl.com/57g76l

David J. Rosen
djrosen at comcast.net

On Aug 29, 2008, at 5:05 PM, Libby Tisdell wrote:


> Hey Everyone  -

>

> I am getting some really helpful information from folks on  

> financial literacy issues.  I REALLY appreciate it!!  If anyone  

> else has anything to add, it would be great.  But I wanted to send  

> a big group thank you for all who sent info so far!!

>

> Sincerely,

>

> Libby Tisdell

>

> Elizabeth J. Tisdell, EdD

> Associate Professor  of Adult Education

> Adult Education Doctoral Program Coordinator

> Penn State University - Harrisburg

> 777 W. Harrisburg Pike

> Middletown, PA 17057

>

> e-mail:  ejt11 at psu.edu

> work:  717-948-6640

> cell:  717-579-8835

> FAX:  717-948-6064

>

>

>

> On 8/29/08 4:01 PM, "Nancy R Faux/AC/VCU" <nfaux at vcu.edu> wrote:

>

>>

>> Holly Dilatush mentioned Money Talks:  A Financial Literacy  

>> Toolkit for Adult ESOL at http://www.valrc.org/courses/moneytalks/

>>

>> This is a temporary site that eventually will house the final  

>> toolkit for helping adult ESOL teachers incorporate financial  

>> literacy lessons into their instruction.  When we discovered that  

>> there are few resources for helping ESOL students with financial  

>> literacy we decided to create an online resource for teachers  

>> complete with lesson plans and the handouts.  It was built on the  

>> foundation of the San Diego Center for Education and Technology's  

>> Financial Literacy Lesson for ESL Students, 2002, an excellent  

>> resource for high intermediate and advanced ESOL students.

>>

>> Money Talks is a multi-level curriculum with many lessons for  

>> literacy and low beginning proficiency levels.  Other resources  

>> such as Money Smart are at a far too advanced level of reading for  

>> most ESOL students and are not appropriate for their needs.

>>

>> We are in the final stages of the development of Money Talks and  

>> will announce its final form soon.  However, if you would like to  

>> download the lessons that are available right now, feel free to do  

>> so.

>>

>> Also, at the start of the project we conducted a massive needs  

>> analysis with over 500 students concerning their financial  

>> literacy interests along with obtaining some interesting data as  

>> to whether they have credit cards, bank accounts, or own a home.   

>> We will be releasing the final research results shortly.

>>

>> Nancy

>>

>>

>>

>> *********************************************************

>> Nancy R. Faux

>> ESOL Specialist

>> Virginia Adult Learning Resource Center

>> Virginia Commonwealth University

>> 3600 W. Broad Street, Suite 669

>> Richmond, VA 23230-4930

>> nfaux at vcu.edu

>> http://www.valrc.org

>> 1-800-237-0178

>>

>>

>> "Lively, Jim" <livelyj at cochise.edu>

>> Sent by: professionaldevelopment-bounces at nifl.gov 08/29/2008 01:16 PM

>> Please respond to

>> The Adult Literacy Professional Development Discussion List        

>> <professionaldevelopment at nifl.gov>

>>

>> To

>> The Adult Literacy Professional Development Discussion List  

>> <professionaldevelopment at nifl.gov>

>> cc

>> Subject

>> [ProfessionalDevelopment 2477] Re: lists

>>

>>

>>

>>

>> Hi, Libby.

>> Try contacting the FDIC Community Affairs Officer in Middleton.

>> A few years ago, we received materials for an entire course in  

>> financial literacy. It's called Money Smart. In fact, we received  

>> the materials in English and a separate packet in Spanish.

>> Like I said, this was a few years ago and I don't know if the  

>> course is still available, but the phone number to call to find  

>> out is 202-416-6940. My notes say "To order a free copy of the  

>> Money Smart program, mail or fax FDIC, 550 17th Street NW,  

>> Washington, DC, 20429, Attention: Money Smart Order Desk, 801-100."

>> There is a ton of stuff in this course.

>> Hope this info helps.

>>

>> Jim Lively, CMPI

>> Lead Teacher

>> Douglas Adult Learning Center

>> Cochise College Adult Education

>> 1132 12th Street

>> Douglas, AZ 85607

>>

>>

>> -----Original Message-----

>> From: professionaldevelopment-bounces at nifl.gov  

>> [mailto:professionaldevelopment-bounces at nifl.gov] On Behalf Of  

>> Libby Tisdell

>> Sent: Thursday, August 28, 2008 2:16 PM

>> To: The Adult Literacy Professional Development Discussion List

>> Subject: [ProfessionalDevelopment 2472] Re: lists

>>

>> Hey Everyone  --

>> My name is Libby Tisdell, and I'm new to this list serve. I'm not  

>> really a

>> literacy educator as much as I'm an Adult Education professor, which

>> includes the professional development of literacy educators.  I'm  

>> wondering

>> if some of you folks might be able to help me.

>>

>>  I'm doing a project on financial literacy education.  At this  

>> point mostly

>> I'm doing a literature review, and searching for appropriate  

>> places and

>> groups to do some survey research with to find out who is doing more

>> community based financial literacy education.

>>

>> Can anyone tell me the extent to which literacy educators in  

>> general might

>> deal with financial literacy  education issues, and if this is  

>> something

>> that is typically dealt with by Literacy Educators in general?  If  

>> so, what

>> level of financial literacy education would you be dealing with?   

>> Budgeting?

>> Checkwriting?  Investing?

>>

>> Most of the financial literacy education literature I've located  

>> is pretty

>> much aimed more at those who are middle class and above.   I'm more

>> interested in who is doing financial literacy education with a  

>> less moneyed

>> audience, and with folks who wouldn't have the money or  

>> inclination to ever

>> pay for financial planning services, basically those who are  

>> underserved on

>> multiple levels.   I'm esepcially interested in how this plays out  

>> for

>> working class women, people of color, those not born int he U.S,  

>> and older

>> people.  If any of you could help me with finding information  

>> about this, I

>> would be most appreciative.

>>

>> Libby Tisdell

>>

>> Elizabeth J. Tisdell, EdD

>> Associate Professor  of Adult Education

>> Adult Education Doctoral Program Coordinator

>> Penn State University - Harrisburg

>> 777 W. Harrisburg Pike

>> Middletown, PA 17057

>>

>> e-mail:  ejt11 at psu.edu

>> work:  717-948-6640

>> cell:  717-579-8835

>> FAX:  717-948-6064

>>

>>

>>

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>> http://wiki.literacytent.org/index.php/ 

>> Adult_Literacy_Professional_Development

>>

>>

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>> Adult Literacy Professional Development mailing list

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>

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David J. Rosen
djrosen at comcast.net