ATLANTA--(BUSINESS WIRE)--Greenlight® Financial Technology, Inc. ("Greenlight"), the fintech company on a mission to help parents raise financially-smart, independent kids, today announces Greenlight for Classrooms, a new web-based financial literacy library designed for teachers, aligned with the K-12 national standards. Starting in 2023, the product will be available for free for schools, teachers, and students nationwide.
Despite the growing conversation, personal finance education still isn’t a requirement for students to graduate in all 50 states. 27 states don’t require a personal finance course, even though teens score an average of 64% on the National Financial Literacy Test. At the same time, 93% of teens know they need financial knowledge and skills to achieve their life goals, and 97% of parents agree.*
Greenlight for Classrooms is an interactive, web-based financial literacy library for teachers with lessons tailored to all grade levels from elementary school to high school. Each lesson is aligned with the K-12 national standards on personal financial education developed by the Jump$tart Coalition and Council for Economic Education, covering critical financial topics like earning, spending, saving, investing, managing credit, and more.
“At Greenlight, we’re focused on helping parents raise financially-smart kids with educational resources that families can trust,” said Jennifer Seitz, Certified Financial Education Instructor and Director of Education at Greenlight. “With Greenlight for Classrooms, we will now also help educators empower their students to gain the financial knowledge and skills they need for their futures.”
Greenlight for Classrooms contains more than 100 animated videos and an assessment bank with thousands of vocabulary words and test questions, including multiple-choice, true or false, and scenario-based options for applied learning. Additional extensions include quizzes, individual project ideas, and discussion activities, along with a teacher’s guide.
“Greenlight's financial literacy content is engaging and easy to understand for students. Teachers can easily incorporate it into their economics lessons without worrying about how well they cover the standards,” said Misha Thompson, teacher at Mount Zion Elementary School. “I feel very confident assigning the lessons for independent exploration and then following up with the accompanying guided questions. This product gets an A+!”
Greenlight was recently named a National Partner of the Jump$tart Coalition for Personal Financial Literacy, which brings together more than 100 like-minded organizations that share a commitment to advancing youth financial literacy. Greenlight has also partnered with education-focused brands like Kahoot! to create a collection of free personal finance quizzes and Million Bazillion, a financial literacy podcast for kids and families presented by Greenlight and American Public Media.
“Greenlight is a true leader in financial education that has had a tremendous impact on improving financial literacy among families,” said Laura Levine, President and CEO of the Jump$tart Coalition. “We’re pleased to recognize the company as a Jump$tart National Partner.”
Greenlight has always been committed to improving financial literacy with its industry-leading product and best-in-class educational resources. Its award-winning banking app for families teaches kids and teens invaluable financial skills like how to earn, save, spend wisely, and invest. Educational resources designed for kids and teens are embedded throughout the app, including videos, quizzes, and more, which have been viewed more than 3 million times to date. Today, Greenlight serves more than 5 million parents and kids, who have collectively saved more than $350 million and invested more than $20 million.
Teachers can sign up to receive early access to Greenlight for Classrooms at greenlight.com/classrooms.
*Survey insights were collected by Greenlight through a Researchscape survey fielded between March 18 and March 20, 2022, among 1,096 respondents in the U.S., split between teens ages 13-18 and parents of 13-18 year olds.
About Greenlight
Greenlight Financial Technology is the family fintech company on a mission to help parents raise financially-smart, independent kids. Its product, Greenlight, is an award-winning banking app, complete with a debit card for kids and teens, cash back credit card for parents and safety features for the whole family. Parents can automate allowance, manage chores, set flexible spend controls and invest for their family’s future. Kids and teens learn to earn, save, spend wisely, give and invest with parental approval. Together, families can also stay safe and connected with location sharing, SOS alerts and crash detection with automatic 911 dispatch to get help if they need it.
The Greenlight Debit Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. The Greenlight Family Cash Card is issued by First National Bank of Omaha (FNBO®), member FDIC, pursuant to license by Mastercard International. Greenlight Investment Advisors, LLC, an SEC Registered Investment Advisor, provides investment advisory services to its clients. Investing involves risk and may include the loss of principal. Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Community Federal Savings Bank, Member FDIC. For more information, please visit: greenlight.com.
