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About

NJCFE: ABOUT US

The goal of the New Jersey Coalition for Financial Education is to improve the personal financial literacy of New Jersey’s citizens by promoting the teaching of personal finance to people of all ages. The Coalition believes that all citizens of New Jersey must have the financial literacy necessary to make informed financial decisions.

The Coalition meets quarterly in a Central New Jersey location and consists of about 100 representatives of government agencies, schools, businesses, and non-profit organizations that provide financial education and related services. The Coalition is a 501 (c)(3) tax-exempt organization operated by an elected board of directors and conducts an annual audit of its finances.

To date, the New Jersey Coalition for Financial Education has received $$413,200 in external grant funding!

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Did You Know?

Recently Arthur C. Brooks wrote an article in the Op-Ed Section of the Wall Street Journal in which he recalled the now famous 1972 Stamford psychologist who did an ingenious experiment. He placed a marshmallow in front of young children and told them if they wait fifteen minutes before eating the marshmallow they would receive a second one as a reward. Thus, for the investment of fifteen minutes they could have two marshmallows instead of one. About two thirds of the children failed the experiment as they desired immediate gratification and gobbled up the single marshmallow right away. What are we doing to teach our children to save?