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Career Connections Newsletter • September 2008
Career Topic of the Month: Financial Literacy
Career Topic of the Month: Financial Literacy Most Americans have extremely low levels of financial literacy, research suggests, despite its importance. The Jump$tart Coalition for Personal Financial Literacy tests 12th graders every two years by asking them practical money questions. The students consistently record an average score of 50 to 55 percent, generally considered to be a failing grade. Other research shows that about 3 in 4 workers don't know how much money they need to save for a comfortable retirement. Only about half of respondents in one study were able to correctly answer two simple questions about interest rates and inflation.Such poor results matter, says Annamaria Lusardi, a professor of economics at Dartmouth College, because research also shows that people who understand basic financial principles are better at retirement planning, accumulating wealth, and avoiding debt. In fact, she found that people who develop financial plans accumulate from 10 to 15 percent more wealth than those who don't, even after taking into consideration income and education levels. To encourage saving and planning, dozens of initiatives target kids as well as adults. The National Endowment for Financial Education, for example, distributes a curriculum for high school students that covers budgeting, debt, insurance, career choices, and other financial decisions, reaching more than 800,000 kids a year. "It's important to give them a base understanding," says Ted Beck, chief executive of NEFE and a member of the President's Advisory Council. Similarly, the National Council on Economic Education helps teachers incorporate financial instruction into other subjects, such as explaining taxation during a lesson on the Boston Tea Party. But most states do not require students to take personal finance courses. - US News & World Report, April 2, 2008 So this month St. Norbert will inaugurate a new resource for students to help you become more successful with your finances! In cooperation with the National Endowment for Financial Education and CashCourse, we bring you information on Financial Literacy, which will link you to excellent and timely resources to help you better navigate this important topic. You can learn more about Financial Basics, i.e. banking, budgeting, credit cards, etc., Paying for College, i.e. understanding financial aid, managing student loans, etc., World or Work, i.e. understanding insurance, taxes, assessing job offers, etc, and College Life, i.e. handling peer pressure, study abroad, paying for spring break, etc. You will also have access on this web site to a great resource that offers – 40 Money Management Tips That Every College Student Should Know. And, you’ll be able to send a question through the web site to us if you need help on a particular issue. Career Resource of the Month: Assessments Unsure of what to major in? Career Services is here to help! Career Services offers a variety of assessments to help you identify your skills, values and interests as they relate to academic and career exploration.
The Strong Interest and Skills Confidence Inventory will help you understand how your interests relate to the world of work and college majors. The Myers-Briggs Type Indicator (MBTI) will help you understand how your personality preferences relate to the world of work. Both are available online once you meet with a Career Services staff member. Please contact Career Services if you have questions or would like to schedule an appointment. Spotlight on Success: SNC Alumni Profile Bill Van Ess, IBLAS and Spanish, 1985
Check out our growing list of Alumni Profiles to learn more about their career paths, experience and to envision what you can do with a degree from St. Norbert College. Career Tip of the Month: What Can I Do With A Major In..... Do you need help understanding what career opportunities you will have with various majors? Are you unsure of career paths for your chosen major? Career Services has created a helpful resource to help you answer these questions. Check out What Can I Do With A Major In..... to connect academic programs with information on career titles, employers, skills, graduate data, salary information and links to plan for your future after SNC. Please contact Career Services if you have questions. Internship of the Month: Research Assistant Intern Why intern? Internships are a great opportunity to apply classroom theory to real life work and to acquire experience to make yourself more marketable for future employment. It can also be one way to "test" your chosen career area to determine if it is a good fit for you. Research Assistant Intern, NEW North, Inc., De Pere
For more information on this internship and to search for additional internships, please login to Career Connections. To register for an event or workshop, login to
Career Connections and click on Career Events.
Developing your Internship
Resume and Cover Letter Writing
Interviewing Skills
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Career Services Phone: (920) 403-3040 |