October 9, 2020

The Hammond Institute for Free Enterprise proudly announces that Dr. Tawni Hunt Ferrarini, associate director of the Hammond Institute for Free Enterprise and the Robert W. Plaster Professor of Economic Education recipient of the 2020 Patricia Elder International Award has recently released a new book, alongside her co-authors: Niederjohn, M.S., Schug, M.C., Wood, W.C. titled Teachers Can Be Financially Fit, Economists’ Advice for Educators, published by Springer.

This book uses relatable case studies to dispense practical financial advice to educators. Written by an expert team of four award-winning economics educators, the book provides an engaging narrative specifically designed for teachers and their unique financial needs.

Educators are attracted to the teaching profession for numerous reasons. Prospective teachers enter the profession believing it offers a certain level of job security and good benefits, usually including a defined-benefit, state-funded pension. But things are changing. Pensions vary widely from state to state and even within school districts. Many private schools do not offer even basic 403(b) saving plans and, when they do, they are often not very generous. Much the same can be said of many charter schools and private colleges and universities.