The Citadel opens Center of Economic Education
Center’s opening means improved economic literacy in Lowcountry k-12 schools
The prolonged economic downturn has had devastating effects on South Carolinians. Record numbers of home foreclosures have swept the state over the past few years while personal credit card debt has soared. By partnering with S.C. Economics to begin economic education and financial literacy in kindergarten, The Citadel is helping to make economic education even more accessible and break the cycle of poverty.
The new Citadel Center for Economic Education will provide Lowcountry k-12 teachers with the resources they need to empower students with economic education and financial literacy This is critical in a state where one in five children lives in poverty and the number of homeless families has increased by17 percent in the past two years.
The kick-off celebration for the center took place today with an opening announcement from Citadel President Lt. Gen. John W. Rosa. C.W. (Chuck) Garnett, president and CEO of NBSC and chairman of S.C. Economics, spoke as well as President of S.C. Economics Helen Meyers and Citadel Business Professor Bill Woolsey, who will serve as director of the center.
“Our vision is to have a new generation of young adults who are able to analyze the past and understand the present, prepare for their future and vote carefully, make wise financial decisions, and are competitive in the global economy,” said Meyers.
S.C. Economics is a statewide non-profit organization dedicated to providing teachers with continuing education in economics and personal finance. Established in 1975, the organization helps to ensure that all South Carolina students leave high school with a sound foundation in economic principles, an understanding of the economy and how it works, and a strong appreciation for the American free enterprise system.