NEFE Unveils Leadership Award

Names State High School Financial Education Program First Recipient

Date: April 3, 2006

Contact: Paul Golden 303-224-3514, [email protected]

ENGLEWOOD, COLORADO—American teenagers are demonstrating a marked shortcoming of basic skills in understanding personal finance issues, even as they continue to earn and spend money. In recognition of individuals and organizations attempting to address this problem, the National Endowment for Financial Education® (NEFE®) recently presented its inaugural Leadership Award to Massachusetts Lieutenant Governor Kerry Healey, who accepted on behalf of the Commonwealth of Massachusetts, the state’s Office of Consumer Affairs and Business Regulation and the Massachusetts Department of Education. The award was given by NEFE to recognize the state’s efforts in teaching young adults the essential life skill of financial education through the “HiFi” High School Financial Literacy Program, Massachusetts’ first-ever, voluntary high school financial literacy effort designed to equip teens with the knowledge to make smart personal finance decisions.

“This new program serves as a way for us to honor what is being done across the country to emphasize the importance of financial education,” said Ted Beck, president and CEO of the Colorado-based National Endowment for Financial Education. “Massachusetts has created an exemplary model that demonstrates a response to this need. And, of course, the real beneficiaries are the young people of the state.”

In accepting the award at Assabet Valley Vocational Technical High School in Marlboro, Massachusetts, Healy proclaimed April as Youth Financial Literacy Month throughout the state and encouraged local high schools to implement a uniform high school financial literacy program. She acknowledged statistics that show high school students are failing to achieve passing grades in personal finance basics, and recognized NEFE as a leader in youth financial education in America.

Since the launch of the “HiFi” program in May 2005, approximately 400 teachers in nearly 200 communities are now teaching the six-unit personal finance course offered through the NEFE High School Financial Planning Program® (HSFPP), or have received free teacher training seminars to use the course with existing curriculum during the next school year.

The NEFE Leadership Award is presented to individuals and organizations who demonstrate outstanding efforts in promoting financial literacy.



  • Paul Golden

    Media Relations Director

    Direct: 303-224-3514
    Cell: 303-918-3620
    [email protected]