FOR IMMEDIATE RELEASE
Contact: Andrea Hanson
Phone: (612) 625-3727
Mounds View High School Wins Personal Finance Decathlon State Championship
St. Paul, MN – April 11, 2016 – Mounds View High School defended their title at the Minnesota Personal Finance Decathlon State Championship on April 6 at the Federal Reserve Bank of Minneapolis winning first place for the second year in a row. Albany Area High School placed second, and Como Park High School (St. Paul) and Robbinsdale Armstrong High School were state finalists.
Mounds View students Emily Ruan, Sam Rush, Daniel Yong, and David Zheng won the championship. The team was coached by Mounds View High School teacher Martha Rush.
112 teams from across Minnesota competed online for the opportunity to be invited to the state championships. At the state competition, teams from twelve schools across the state competed in a case study analysis. The top four teams then moved to a quiz bowl round to determine the state champion. Teams prepared an eight-minute presentation of recommendations for a fictional family’s finances and presented to a panel of judges including a representation from the Minnesota 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.
As state champions, the Mounds View High School team will travel to Kansas City, Missouri to compete in the national competition on May 6. The national championship is organized by the Missouri Council on Economic Education with support Wells Fargo Advisors.
The Personal Finance Decathlon is designed to test student knowledge of personal finance in the areas of earning income, paying taxes, budgeting, saving, financial planning, investing, borrowing, banking and financial institutions, insuring, and thinking economically.
The 9th annual Personal Finance Decathlon was organized by the Minnesota Council on Economic Education, and made possible through funding from Affinity Plus Foundation, COUNTRY Financial, Sit Investment Associates. The Federal Reserve Bank of Minneapolis hosted the competition. The purpose of the contest is to honor and reward student achievement in understanding personal finance and to showcase outstanding personal finance education programs among Minnesota high schools.