When: 10:30-2:00 p.m., Wednesday, April 6
Where: Federal Reserve Bank of Minneapolis
St. Paul, MN – March 30, 2016 – As part of Minnesota’s Financial Literacy Month, twelve teams from twelve Minnesota middle and high schools from across the state will compete at the Personal Finance Decathlon State Championship on Wednesday, April 6 at the Federal Reserve Bank of Minneapolis. The winning team will advance to the National Finals on May 22 in Kansas City, MO. More than 400 students competed online to qualify for the state competition.
The Personal Finance Decathlon is an opportunity for students to test their knowledge in ten areas of personal finance, including thinking economically, earning income, paying taxes, budgeting, saving, financial planning, investing, borrowing, banking and financial institutions, and insuring. Students will prepare a case study analysis of a fictional family’s financial situation to present to a panel of judges. Top teams will then compete in a quiz bowl round to determine the state champion. Judges include a representative from the MN Department of Commerce, America Public Media’s Marketplace senior economics contributor and columnist Chris Farrell, Affinity Plus Foundation representatives, COUNTRY Financial representatives and others from the local business community.
Students competing represent the following schools: Albany Area Secondary School, Austin High School, Cloquet Senior High, Como Park High School, St. Paul, Hopkins High School, Lake Crystal Wellcome Memorial High School, Maranatha Christian Academy (Brooklyn Park), Mounds View High School, Robbinsdale Armstrong High School (Plymouth), Roseau High School, St. Thomas Academy (Mendota Heights), and Valley View Middle School (Edina).
The Minnesota Personal Finance Decathlon is a program of the Minnesota Council on Economic Education and is sponsored by Affinity Plus Foundation, COUNTRY Financial, Sit Investment Associates, and the Federal Reserve Bank of Minneapolis. Its purpose is to provide a competitive environment for students to demonstrate their personal finance knowledge and to showcase outstanding high school personal finance courses and teachers.
For more information, please contact Andrea Hanson or visit MCEE at www.mcee.umn.edu.