One Summer Chicago Youth Quiz Show on Financial Literacy
August 23, 2017
Students participated in a unique and exciting quiz show competition, organized by Magnetar Capital UChicago Financial Initiative, to showcase the financial skills they learned during their participation in the One Summer Chicago Youth Investment Academy.
Loosely modeled after the award-winning television game show Jeopardy!, students worked in teams of 5-6 to compete in two rounds of challenging financial literacy questions. The first round focused on basic financial management and included topics such as credit, loans, and managing debt. The second round focused exclusively on investment content, providing students with an opportunity to show off their newfound knowledge.
Now in its second year, the One Summer Chicago Youth Investment Academy is part of Mayor Rahm Emanuel's One Summer Chicago (OSC) initiative, and hosted through two community agencies: UCAN and A Knock at Midnight. During the seven-week summer program, students learn about money management and investing through curriculum instruction and experiential learning, field trips, and guest speakers. Field trips this year included Chicago Board Options Exchange, BMO Harris Bank, Microsoft, Method, and Google. The Magnetar Capital UChicago Financial Education Initiative provided the curriculum, online stock portfolio, and trained instructors for the One Summer Chicago Youth Investment Academy.
Guest appearances at the event included DFSS Commissioner Lisa Morrison Butler, One Summer Chicago Youth Investment Academy instructors, One Summer Chicago Director Lisa Davis and motivational speaker Lafayette Kyle Ford. Chicago Teachers’ Pension Fund CIO Carmen Heredia-Lopez also stopped by for lunch.
Layfayette Kyle Ford, who originally hails from the Southeast-side of Chicago and now leads a team within the Citigold division at Citi, shared with students his journey into finance. He advised the group assembled before him to take advantage of their youth, stating, “Investing is about putting in time and capital and expecting a certain amount of return. You invested in this class and now you will get a greater return if you use this knowledge.”