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At EVERFI, we imagine that monetary literacy is crucial to making a safe and equitable future. That’s why we’re proud to associate with the MassMutual Basis on a groundbreaking initiative that addresses the monetary training hole in faculties throughout the nation and in Puerto Rico. Collectively, we’re empowering college students with the instruments and information they should confidently navigate their monetary futures by way of the modern FutureSmart℠ program.
Monetary literacy training is extra necessary at the moment than ever earlier than. With many states missing the funding to implement devoted monetary literacy packages, too many college students are lacking out on the chance to be taught important life abilities. As an alternative, those that take some time to be taught on their very own are turning to locations like TikTok or to associates, each of which frequently present unqualified and unreliable recommendation. With out correct training, college students are left to navigate advanced monetary selections with little to no steering, which may result in long-term unfavourable outcomes.
Analysis from the Nationwide Institutes of Well being exhibits that improved monetary literacy can considerably improve monetary well-being. Financially literate people are likely to plan higher, save extra, and make smarter funding and retirement selections. This hole in monetary training must be addressed on the earliest levels of studying—that’s the place FutureSmart is available in.
What Makes This Program Totally different?
FutureSmart is a nationwide digital center faculty monetary training program designed to supply college students with free, complete monetary information. It has already been deployed in additional than 17,000 faculties, reaching greater than 5 million college students throughout all 50 states and Puerto Rico. This system is ready to succeed in six million college students in 2025, with an emphasis on supporting low- to moderate-income (LMI) communities.
What units FutureSmart aside is its interactive, real-life method to studying. By taking part in hands-on workout routines and simulations, college students be taught crucial information about budgeting, saving for emergencies, understanding rates of interest, and making sound monetary selections. It permits college students to expertise monetary situations firsthand and learn the way their selections at the moment will impression their monetary well-being lengthy into the long run.
This system was designed to fulfill college students the place they’re, prioritizing accessibility and inclusivity in its construction. It’s accessible in each English and Spanish, making it extra accessible to various communities and gives monetary assets for educators and households, supporting better involvement within the studying course of.
One of the crucial thrilling elements of this system is the FutureSmart app, which simulates real-life monetary selections and conditions. College students could make decisions associated to saving, paying for greater training, and opening financial institution accounts. As they navigate real-life challenges, they expertise the results of their selections in real-time, which helps to solidify their understanding of non-public finance. The interactive app additionally permits college students to share their outcomes and achievements on social media, including an additional layer of engagement and motivation.
A Partnership with a Function
At EVERFI, we’re dedicated to working with devoted, forward-thinking companions just like the MassMutual Basis to handle systemic challenges in training and promote long-term monetary wellness from an early age. This partnership is about extra than simply closing the monetary literacy hole, it’s about guaranteeing that each scholar has the chance to thrive, regardless of their background or zip code.
As we work alongside the MassMutual Basis to develop the footprint and capabilities of FutureSmart, we’re optimistic in regards to the ripple impact this program could have for people and communities sooner or later. This program is not only about instructing college students the worth of cash, however about empowering the following era to take cost of their monetary futures, setting them on a path towards long-term success and safety.
Collectively, EVERFI and the MassMutual Basis are proving that after we put money into training, we make investments sooner or later.
To be taught extra about why the MassMutual Basis selected to assist center faculty monetary training and the success of this system, learn the case research right here.
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