FILE - Screen showing shares on a stock exchange.
A high school teacher in Brooklyn, New York, is helping its students learn about the stock market and investing through a financial literacy class.
Raymond Tran, who teaches in IS 281, told FOX Business' Gerri Willis that his students are gaining financial literacy by playing the "stock market game."
"There, students are divided into groups. They have $100,000 in virtual money to buy stocks, bonds and mutual funds," he explained.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
The "Stock Market Game" was brought to Tran's students through the SIFMA Foundation, a nonprofit organization that "provides financial education programs and tools that strengthen economic opportunities in communities and increase people's awareness of and access to the benefits of the global market," according to their website.
More than 600,000 students play the "Stock Market Game" each year. He market simulation game It dates back to the late 1970s, according to the SIFMA Foundation.
Tran's students also become familiar with the financial world through classroom settings.
US HIGH SCHOOLERS WANT FINANCIAL EDUCATION, BUT MANY SCHOOLS DON'T OFFER IT: SURVEY
The classroom features standing desks and displays news focused on finance and business. There is even a bell that students can ring to announce that they have completed a stock transaction.
One student, for example, rang the doorbell on Friday morning to order Amazon stock he "bought" in the simulation game while Willis talked to Tran about "Varney and company".
Before becoming a professor, Tran worked at Ernst & Young, a major accounting firm.
"I felt like in my corporate job I wasn't really making a difference in people's lives, so I sought a platform as an educator so I could teach children and mold young minds to learn about financial literacy and investing," he told to Willis. .
GET FOX BUSINESS ON THE GO BY CLICKING HERE
He said it was important for his students to learn financial literacy because "the way to really build wealth is to invest, invest, invest."
