St. Louis Fed Annual Report: Economic Literacy for Life

Informed economic decisions benefit the individual and often society as a whole. That’s one of the reasons the Federal Reserve Bank of St. Louis has been on a mission to provide easily accessible resources online to help people understand their economic world.

The new annual report Economic Literacy for Life: Today’s Lessons = Tomorrow’s Financial Stability and Success includes the following articles:

• On a Mission to Educate One and All: Econlowdown.org has boasted more than 3.4 million student enrollments from all 50 states, as well as from England, Spain and Canada.
• Teach One, Reach Many: The nine members of the St. Louis Fed economic education team focus on ways to teach the teachers.
• It’s Never Too Early to Start: Research shows children form financial behaviors by age 7.
• For Better or Worse, Your Decisions Matter: Bad financial decisions by individuals usually ripple throughout society, as do good ones.
• Invest in Human Capital to Build a Better Future: The benefits of education affect income, wealth accumulation, civic literacy, productivity and more.
• What’s Your Economic IQ? Test your economic know-how.

Visit the annual report online to listen to a podcast with Mary Suiter, a vice president and economic education officer. She talks about econlowdown.org, a collection of more than 400 classroom resources for educators and consumers to learn about basic economics and personal finance.

In addition, eight videos explain how the St. Louis Fed’s economic education reaches diverse audiences like Scouts, organizational partners, our student board of directors and more.

To read the annual report essays, listen to the podcast and watch videos, go to https://www.stlouisfed.org/annual-report/2016.