FOX Business' Jerry Willis reports on an effort from a Brooklyn middle school to teach financial literacy to students.
A middle school teacher in Brooklyn, New York, helps students learn about the stock market and investing through financial literacy classes.
Raymond Tran, who teaches in IS 281, told FOX Business' Jerry Willis that his students are developing financial literacy skills by playing “stock market games.”
“There students are divided into groups. They have $100,000 of virtual currency to buy stocks, bonds and mutual funds,” he explained.
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“Stock Market Game” is available to Tran students through the SIFMA Foundation, a nonprofit organization that “provides financial education programs and tools that enhance economic opportunity across communities and increase individual awareness and access to the benefits of global markets.” It is said that it was provided to them. Go to that website.
Some people use tablets to check the latest stock market trends. (image/image)
More than 600,000 students play the Stock Market Game each year. According to the SIFMA Foundation, the origins of market simulation games date back to the late 1970s.
Ms. Tran's students also gain first-hand experience in the world of finance through classroom preparation.
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Classrooms have standing desks and news focused on finance and business will be broadcast. There is also a bell that students ring to signal the completion of a stock transaction.
For example, one student rang the bell Friday morning for Amazon stock he had “bought” in a simulation game while Willis was talking to Tran about “Barney & Co.”
There is also a bell that students ring to signal the completion of a stock transaction. (image/image)
Before becoming a teacher, Ms. Tran worked at Ernst & Young, a major accounting firm.
“I felt like I wasn’t making a big difference in people’s lives in my corporate job, so I looked for a platform as an educator where I could educate children and shape young minds learning about financial literacy and investing.” he told Mr. Willis. .
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He said it was important for students to learn financial literacy because “the way to truly build wealth is to invest, invest, invest.”
