Category Archives: Education

Every Day is Mandela Day

“Without education, your children can never really meet the challenges they will face. So it’s very important to give children education and explain that they should play a role for their country.”

Nelson Mandela, South African statesman (1918-2013)

Nelson Mandela was a servant leader for the South African people and for the world. Click on the image below to read about #MandelDay, which occurs annually on July 18.

There are several important goals outlined on the #MandelaDay website. Foremost among them is providing an education for young people everywhere. Why is education so important?

Youth Voices notes that education is one of the most important factors to a person’s success in society. “Whether a person is living in poverty or among the wealthiest in the world, education is necessary to advance in any situation.” ONE Campaign is on point with recent developments vis-a-vis COVID-19. While the world made great strides in the advancement of education for all nations prior to the onset of the pandemic, the virus has had a negative impact on education overall. In fact, COVID-19 set the world back a few years.

In the article, “COVID’s Lost Learning: Over Half of the World’s 10 Year Olds Can’t Read,” ONE Campaign notes:

Calculations based on official ‘learning poverty’ figures from the World Bank and UNESCO, as well as UN population data of all 10-year-olds, show that a staggering 70 million children could be affected. This situation has been exacerbated by the COVID-19 pandemic, which has contributed 17% to the total number of children falling victim to this global learning crisis in 2021 — leaving them with a life-long brake on their future potential.

ONE’s analysis shows that if current trends continue, the number of children lacking basic literacy when they turn 10 could rise to 750 million by 2030. This global learning crisis will hit Africa particularly hard, with sub-Saharan Africa accounting for 40% of children at risk.

As a ONE Campaign volunteer for almost ten years, I am lending my endorsement to the Global Partnership for Education. I am working with my fellow ONE advocates to reach out to elected representatives in Texas and nationally, to make sure they know how essential supporting the Global Partnership for Education is. Our thanks go to those who have agreed to meet and who have taken the time to learn more about the GPE. We are grateful.

Did you know, children globally have lost an average of one third (74 days) of education each due to school closures and a lack of access to remote learning? Last spring, close to half the world’s students were out of school worldwide due to partial or full school closures linked to the coronavirus pandemic.

However you support #MandelaDay this July 18 – and there are lots of helpful ways you can do that – be sure to raise your hand for education. “Don’t look away. Make every day a Mandela Day.”

“Education is a powerful agent of change, and improves health and livelihoods, contributes to social stability and drives long-term economic growth. Education is also essential to the success of every one of the 17 sustainable development goals.

GPE helps partner countries transform their education systems to ensure that every girl and boy can get the quality education they need to unlock their full potential and contribute to building a better world.”

Global Partnership for Education

To read more about my support for the work and specific projects of ONE Campaign:

You will find ONE Campaign on social media. Follow the link to learn more.

Financial Literacy: The M in STEM

“We teach our children to wear seat belts. Schools invest in programs aimed at helping kids practice smart internet habits. But few are talking about the dangers of too much debt or the blessing that is compound interest.”

– Greg Iacurci for InvestmentNews (2019)

State of Texas Representative Vikki Goodwin (District 47, Travis County), filed House Bill 1182 in 2019. The Bill required a personal financial literacy course for high school students. Vikki remarked:

“I filed this so that we can ensure young adults are getting out of high school with an idea of how to handle their personal finances. I have kids of my own who are young adults, who are on their own now and have had to learn how to budget, and of course as a realtor I’ve come across a lot of young adults who are trying to buy a home or lease a home and who just don’t know a whole lot about finances, interest rates, credit, credit cards, and credit scores.”

Some educators fear high school students have a lot of requirements already, and this would involve a new requirement. But Vikki emphasized, “We’re trying to make it as flexible as possible. It could either take the place of an elective, or we’re also looking into having it take the place of one semester of math or maybe one semester of economics.” (Texas Standard)

Goodwin’s measure passed in the Texas House of Representatives, but then died shortly thereafter in the Senate. It is my personal hope the bill will be reintroduced and passed in the future.

When it comes to being financially literate, Americans fall short globally.

“Although the U.S. is the world’s largest economy, the Standard & Poor’s Global Financial Literacy Survey ranks it No. 14 (tied with Switzerland) when measuring the proportion of adults in the country who are financially literate. To put that into perspective: the U.S. adult financial literacy level, at 57%, is only slightly higher than that of Botswana, whose economy is 1,127% smaller.” Greg Iacurci for InvestmentNews (2019)

How do we go about solving this issue and putting America back at the top of the list?

Last fall, I had the good fortune to meet Maura Cunningham, founder of Rock The Street, Wall Street, a new financial literacy nonprofit based in Nashville, Tennessee that is expanding across the United States. With a focus on young high school age women, Rock The Street is unique. It departs from traditional, passive classroom learning models by engaging volunteer female financial professionals as teachers and mentors. This “real life” program dovetails seamlessly with the normal fall and spring semesters of the school year.

Using an open source curriculum, Rock The Street professionals both teach and mentor. Field trips to financial institutions are part of the mix. Rock The Street has developed an extensive national network of financial service companies eager to provide leadership support, both in terms of funding and female financial professionals who can be tapped to help lead classes and to serve as mentors.

The statistics for this startup (launched in 2013) are impressive. Rock The Street, Wall Street served 2,325 young high school age women last year. Its alumnae demonstrate a 92% increase in financial literacy and they are four times more likely to pursue degrees in finance, economics or related fields than the national average. In terms of Texas, Rock The Street has been offered in two schools in the Fort Worth area. We hope to see it expand statewide in the months and years ahead.

The sad truth is, without financial security women are more prone to domestic violence, they have fewer job opportunities and reduced income. And, 41% of families with children under age 18 include mothers who are the sole or primary source of income for the family. The likelihood that future mothers will also be the sole family breadwinner means the existing gender wage gap and savings gap will have a negative impact on generations to come.

High School Class

Our high school years are a critical time of life. This is when self confidence and self esteem are strengthened and future career choices are made. Unfortunately, comprehension of basic financial principles today is staggeringly low: only 27% of young adults know basic financial concepts such as interest rates, inflation, and risk diversification.

Oxford Learning notes, “Some students dislike math because they think it’s dull. They don’t get excited about numbers and formulas the way they get excited about history, science, languages, or other subjects that are easier to personally connect to. They see math as abstract and irrelevant figures that are difficult to understand.” Oxford suggests making math “real” to students by showing how the M in STEM relates to everyday life.

What better way to engage young women in high school than with female financial professionals actually working in the field!

“In the U.S., we start to lose girls in math at age nine. As they age, girls report significantly lower confidence in math, despite earning equal scores to boys. 80% of teachers self report that they are not competent teaching financial literacy. With girls falling out of math at such an early age and teachers reporting that they are not qualified to teach financial literacy, it’s no wonder two out of three women state they know little to nothing about finance or financial products.” (Rock The Street, Wall Street)

I am heartened to see a growing number of support organizations and startup underwriters focusing on women today. Particularly exciting is Melinda Gates’ recent financial commitment to promoting gender equality and expanding women’s power and influence across the United States. Thanks go to them all, including educational innovators like Maura Cunningham and Rock The Street, Wall Street!

Photographs illustrating this article are courtesy of Adobe Spark.