On Tuesday, October 29, dozens of people interested in financial-education joined us at the inaugural MCEE Before The Bell Breakfast. Taking place at SECU’s offices in Linthicum, Before the Bell featured national, state, and local speakers who explored the current state and future of financial education for children in Maryland. The inspiring event reminded us that there is more to do to ensure that more Maryland students access the financial education they so deeply need, and that there is strong community support for in-school experiences.
Ritta McLaughlin, Director, Investor Education Community Outreach, FINRA Investor Education Foundation, highlighted the Foundation’s recent research on Gen Z’s attitudes and behaviors around investing. The findings suggest that many in Gen Z begin investing before the age of 18, that there is a correlation between their investing and gambling habits, and that small-amount or cryptocurrency investing is becoming increasingly popular.
Rory Murray, Principal at Providence Strategies, summarized outcomes from the recent Maryland General Assembly session and discussed the structural deficit the state is facing in the coming years. He noted that while the Moore-Miller administration has prioritized equity and ending child poverty, there is not yet consensus between the administration, the General Assembly, and MSDE about expanding financial education for youth. He suggested that community members advocate with their county boards of education for expanded access to financial education in all grade levels.
Oorja Minot, Richard Montgomery High School Student (Montgomery County) and COO of Innovate-X, spoke via video about financial education in Montgomery County. She noted that there is currently no requirement, and that course availability is inconsistent. Innovate-X is a youth-led organization empowering students through financial literacy, leading students to advocate to change the lack of this learning by promoting the importance of school-based financial education. Oorja encouraged the business community to engage with the MCPS Board of Education to support financial education opportunities.
Before the Bell was presented by MCEE in partnership with SECU. Keep an eye out for next year’s event!
