The 2023 Personal Finance Challenge and Iowa Economics Challenge saw more than 1,000 students, teachers, and volunteers involved over the course of the 2022-2023 school year. Both events test the knowledge and skills of middle and high school students: the Personal Financial Challenge tests students on income, money management, spending, credit, saving, and investing and the Economics Challenge utilizes Quiz Bowl style exams on economic knowledge.
The Personal Finance Challenge hosted two competitions this school year. The Fall 2022 competition ran from September to December with 745 students and 12 teachers participating. The Spring 2023 competition had 637 students and 8 teachers competing from January to March. The two competitions culminated in 60 students, fifteen teams of four, competing for 1st , 2nd , and 3rd place on April 12th at Drake University and resulted in more than $2,000 in prizes to the participants.
The Economics Challenge hosts competitions in three divisions: Adam Smith for returning competitors, AP, IB, and honors students; David Ricardo for first time competitors; and Milton Friedman for middle school students (grades 6-8). This year saw 163 students and 7 teachers competing in fall and spring challenges. The final challenge brought 80 students (twenty teams of four students) to Drake University on April 19th, with winners taking home prizes totaling more than $2,000.
A great big thank you to the twenty volunteers and also to the sponsors, without whom these events would not be possible: Iowa Division of Banking, The Harkin Institute, Drake University, University of Northern Iowa, ISL Education Lending, and TS Institute.