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JA is Really Newsworthy!

Which Leadership Style Are You?

Not all leaders are the same. From school group projects to navigating through escape rooms with friends, your leadership skills evolve throughout life and will determine the relationships you have in and out of the workplace!

To better understand what type of leader you are, use the flow chart below!

 

JA Teens & Retirement Insights

A new survey by Junior Achievement USA and AIG finds that nearly two-thirds (64 percent) of teens are concerned about their parents' preparedness for retirement while demonstrating a lack of education about their own. Sixty-nine percent of young adults ages 13-18 say they know little or nothing about financial planning.

When asked what they plan to do after they retire, teens cited traveling, hobbies such as golf or crafts, volunteering, and splurging on RVs or vacation homes as their top choices. More than a third (34%) of respondents think they will retire at age 60 or younger; however, one-third believe they will need less than $5,000 saved to retire and on average the teens plan to start saving for retirement at age 29.  

In addition, 46 percent of teens are not confident they know how to plan for retirement. But teens' lack of understanding about financial and retirement planning does not translate into a lack of understanding about the imperativeness of planning. Ninety-three percent say it is important to have a financial plan for retirement, and 92 percent find value in taking a personal finance class in high school.

When asked to identify descriptions and benefits of financial products such as 401ks, annuities, and social security, nearly half (49%) were able to correctly match 401ks, one-third (33%) were right about annuities, and less than two-third (61%) about Social Security.  Definitions, though, are just the start of any education process and help is needed in the application: While many could define an annuity, less than one-quarter (21%) of teens identified annuities as a protected source of lifetime income compared to bank deposits, stocks and mutual funds—none of which can provide protected income that cannot be outlived. And only about half (51%) were somewhat confident that Social Security will still exist when it's time for them to retire.  

To gain the knowledge they need for information about investing for retirement, teens say they would first go to their parents, closely followed by a financial advisor or banker, other family member, teacher, or friend.

Methodological Notes:

The JA/AIG Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 1,000 nationally representative U.S. teens, ages 13-18, who are not currently enrolled in college, between August 13 and August 20, 2018, using an email invitation and an online survey.  Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.

About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

 

5 Quotes to Live by from Successful Women

While March may be coming to an end, Women’s History Month is still on our mind.

Here are our top 5 quotes from highly successful women to live by throughout the rest of 2019!

 

  1. “There’s never going to be a precisely right moment to speak, share an idea, or take a chance. Just take the moment—don’t let thoughts like ‘I don’t feel like I’m ready’ get in the way.”

– Kathleen Tierney, President at Berkley One

 

  1. “I’ve seen plenty of powerful women squander a chance at power simply because they waited for someone else to give them permission to have power. There is no permission slip — you just have to BE powerful.”

 - Shonda Rhimes, Founder Shondaland

 

  1. “Competence is essential—master your subject matter. You should also have the ability to communicate clearly and adjust your communication for the individual or group you’re attempting to reach. And initiative. Voracious curiosity, learning quickly, and listening well—to what is being said and sometimes, more importantly, to what isn’t being said.”

– Donna Frosco, President of the New York State Women’s Bar Association

 

  1. “Just do it. Dream it and do it. Learn how and when to say no and delegate. Enjoy what you are doing, and make sure you are having fun. And don’t be afraid to bring new ideas forward, but be respectful of people.”

– Barbara Cerf, Corporate Vice President of Women’s Market at New York Life from 2006 to 2014

 

  1. "I know many women just like me who have high-stress jobs that include lots of travel. I have always found it important to take time for yourself to relax and stay fit. My favorite stress reliever is to take a long, brisk morning walk through the neighborhood with my dog, Pablo. It's enjoyable and a good workout."

– Ellen Alemany, Chairwoman and CEO of CIT Group and Chairwoman, CEO and President of CIT Bank at CIT

From JA Student to Volunteer Rockstar

Junior Achievement (JA) programs are facilitated by local volunteers ranging from parents to business leaders.  Each March, Junior Achievement presents the President’s Volunteer Service Award, which highlights the time contribution individuals representing their employers have given to Junior Achievement. While no volunteer experience is the same, Ericka Williams, a JA alumna and volunteer, gave us an inside look as to what JA has done for her, as well as how she is giving back to the organization.

 

What has your story or journey through JA from a child to where you are now been like?

During my senior year of high school, my mom opened the local newspaper and noticed an advertisement for high school students to participate in the JA Fellows Program. I immediately signed up because the program would help to cultivate the skills that I would need to use for my future Accounting program. Team collaboration, critical thinking and entrepreneurship were a few of the focal points within the program and they are skills that I have been able to carry with me from then until now. 

After becoming a “JA Kid” in 2007, I was honored to receive a college scholarship from JA in Savannah, Georgia. I knew that JA was an organization that was invested in my educational and professional growth, thus it was imperative that I began volunteering to assist in imparting financial wisdom on our next generation of leaders. During my freshman year of college at Savannah State University (SSU), I began volunteering at local elementary and middle schools. Eventually, I was able to convince my fellow SSU classmates that JA is a great organization to volunteer with. With a joint effort between SSU and JA in Savannah, we were able to place 30 volunteers at 3 different elementary schools, which impacted over 600 students in 2010. JA in Savannah never allowed my continuous hard work to go unnoticed, and in 2011 the office recognized me as the John Hodges Volunteer of the Year.

 

How has JA helped you grow professionally?

Currently as an Internal Auditor, and previously as an External Auditor, skills such as: how to work in a team, multitasking, planning and executing tasks have been crucial to my career development. These are all items that the JA Fellows program assisted in instilling in me.   

While searching for internships in college and deciding on the company that I would kick-start my post graduate school career with, it was essential that I worked for organizations that were socially responsible to their communities. And if the company had a relationship with their local JA office(s) it was an added bonus for me. Thankfully, my past and currents jobs have all been heavily involved with JA so it provides me and my colleagues that chance to interact with local students a few times during the school year. 

 

What has been your favorite moment while volunteering for Junior Achievement? What inspired you to become a JA volunteer?

Recently, I have been drawn to the 2nd grade “JA Our Community” curriculum, which teaches students about businesses, products/services and how finances are used in our everyday lives. Within lesson 3, the students learn about paying taxes. All students were given a job description card and subsequently paid $5 for their hard work in the class community. At this point the students were screaming, “We’re RICH!”

As the volunteer, I became the Tax Collector and informed everyone that they had no choice but to pay me/the government $2 in taxes. One student screamed at me, “You’re a ROBBER! You shouldn’t take our money like that.” This became the most impactful teachable moment, for me, because I had the pleasure of explaining to the students that their parents/guardians have to pay taxes on their hard-earned money on a weekly and/or biweekly basis. From that moment on the students had a better understanding of how money works within our communities. Thankfully, the lessons are broken down in a way that the students can remember so that they can share what they learned with their families and others.

These are the moments that make me laugh out loud, smile and continuously volunteer because I can see their imaginary lightbulbs flicker and truly understand how our World operates.   

Presidential Volunteer Service Award

On March 12, 2019, Junior Achievement USA will honor 44 organizations with the 2017-2018 U.S. President’s Volunteer Service Awards (PVSA). The organizations receiving the awards provided Junior Achievement with significant volunteer resources during the 2017-2018 school year. The recipients will be recognized at an awards ceremony and, as part of Junior Achievement’s Centennial Celebration, will participate in the ringing of the Closing Bell at the New York Stock Exchange as part of the JA Volunteer Summit, supported by American Express in New York, NY.

History of PVSA

In 2003, President George W. Bush established the President's Council on Service and Civic Participation (the Council) to recognize the valuable contributions volunteers make in communities and to encourage more people to serve. The Council created the President's Volunteer Service Award program as a way to thank and honor individuals who, by their demonstrated commitment and example, inspire others to engage in volunteer service. In 2006, Junior Achievement became an official certifying organization for this award, which recognizes corporations with a U.S. presence that provide volunteers to teach JA programs anywhere in the world.

Award Recipients

The following organizations are the recipients of the 2017-2018 PVSA, as determined by Junior Achievement USA:

Gold Award Recipients (15,000 Volunteer Hours or More)

  • Accenture LLP
  • AT&T
  • Bank of America
  • Capital One
  • Citi
  • Deloitte
  • Ernst & Young LLP
  • HSBC Bank USA, N.A. and HSBC Holdings plc
  • KPMG LLP
  • MetLife
  • National Credit Union Foundation
  • PwC
  • SunTrust Banks, Inc.
  • TD Bank, N.A.
  • The Dow Chemical Company
  • Wells Fargo

Silver Award Recipients (10,000 Volunteer Hours or More)

  • Barclays
  • GE
  • JPMorgan Chase & Co.
  • Santander Bank, N.A.
  • U.S. Bancorp

 

Bronze Award Recipients (5,000 Volunteer Hours or More)

  • ADP, LLC
  • BMO Harris Bank
  • Boys & Girls Clubs of America
  • Broward College
  • Caterpillar Inc.
  • ExxonMobil
  • FedEx
  • General Motors
  • Goldman Sachs
  • Huntington Bancshares
  • Jackson
  • ManpowerGroup Inc.
  • Marsh & McLennan Companies, Inc.
  • Palo Alto College
  • PepsiCo
  • Regions Bank
  • Robert Morris University-Illinois
  • SAP America
  • Starbucks
  • State Farm
  • Voya Financial
  • Woodforest National Bank
  • YMCA of the USA
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