Personal Financial Literacy Certification verifies individuals possess the ability to successfully navigate vital monetary decisions
LUBBOCK, Texas (November 27, 2018) – In order to prepare individuals for vital monetary decisions that will affect them for the rest of their lives, the Texas Tech University Center for Financial Responsibility (CFR) created the Personal Financial Literacy Certification.
Financial stress is epidemic, even more problematic than personal relationships and work according to data from Northwestern Mutual’s 2018 Planning & Progress Study. The recent Purchasing Power Financial Stress Survey – 2018 found that 87 percent of U.S. adults are at least somewhat stressed about money. What is causing this stress? Respondents pointed to a variety of reasons including household bills, unexpected expenses, retirement planning, healthcare, and high credit balances.
As the economy evolves and the complexities of financial products increase, it is imperative individuals understand financial basics pertaining to credit cards, loans, retirement, investments and mortgages. This certification validates individuals possess the key skills necessary to make informed financial choices, perform better in the workplace and achieve long-term financial success, no matter what job they choose.
Developed by Texas Tech University Center for Financial Responsibility, the certification exam crucial topics such as:
• Savings & Investments
• Budgeting & Planning
• Personal Taxes
• Personal Risk Management
• Retirement & Estate Planning
• Home Buying
• Employee Compensation
• Cost of Education & Training
“The CFR believes teaching financial skills to young people prior to entering college or the workforce is critical to better preparing them to live independently as adults,” says Ashley Guillemette, MPA Director of the CFR. “By partnering with CEV Multimedia, we are able to expand our educational outreach to enhance the overall financial stability of students nationwide.”
Students, educators and working professionals can access the certification through iCEV, a leading online education platform. iCEV offers professional demonstrations combined with practical, interactive coursework to prepare students for post-secondary education and high-skill, high-demand careers. Educators can quickly monitor, track and engage students directly through the platform’s interactive lessons.
“The CFR has a reputation for excellent outreach programs and educational opportunities in financial literacy,” said CEV Multimedia Vice President of Brand Management Clayton Franklin.
The modules and final certification exam will be available January 2019. For more information on the Personal Financial Literacy Certification, please visit www.icevonline.com/finance.
In addition to the Personal Financial Literacy Certification, CEV Multimedia provides testing for a host of other certifications supported by industry leaders:
• American Meat Science Association Food Science & Safety Certification
• Elanco Veterinary Medical Applications Certification
• Express Employment Professionals Career Preparedness Certification
• Southwest Airlines Professional Communications Certification
About the Texas Tech University Center for Financial Responsibility
The Center for Financial Responsibility is committed to expand research efforts and educational outreach to enhance the financial well-being of individuals and families. The Center advances this cause by supporting multiple initiatives:
The Center for Financial Responsibility supports research efforts in the areas of specific initiatives surrounding important policy issues in the financial planning industry.
The Center for Financial Responsibility hosts outreach programs to enhance the financial well-being of individuals and families.
Since 1984, iCEV has specialized in providing quality CTE curriculum and educational resources. iCEV is the most comprehensive online resource for CTE educators and students, offering curriculum for several major subject areas, including agricultural science, trade & industrial education, business & marketing, career exploration, family & consumer science, health science, law enforcement and STEM education. Additionally, iCEV acts as a certification testing platform for industry certifications. Leading companies and organizations utilize iCEV as the testing platform for their certifications. For more information, visit www.icevonline.com.
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