In 2016, the Foundation granted over $150,000 to credit union organizations for Reality Fairs, Retirement Fairs, and Life Simulations reaching over 26,000 youth and adults.
To quote Aristotle: “For the things we have to learn before we can do them, we learn from doing them.” Many consumers reach adulthood without ever having learned the basic skills of money management. For many of these consumers, managing life skills such as maintaining a household budget, saving for a rainy day or retirement, repaying debt on time, becomes a lifelong struggle.
Experiential learning programs are simulations and exercises that mirror a taste of real life by involving a direct encounter with life situations rather than reading or thinking about such events. It is learning from primary experiences that focus on the learning process of each individual. To enhance the learning of students and adults, the Foundation offers experiential learning programs such as Reality Fairs, Retirement Fairs, and Life Simulations designed to provide needed financial information, but more importantly to be a catalyst for behavior change.
For more information on experiential learning, watch the Filene Research Institute’s documentary on their Experiential Learning Colloquium in which the Foundation participated - "Helping Members Make Better Decisions through Hands-on Learning":
Experiential Learning is the process of making meaning
from direct experience. Research has shown that most
people learn best through experiential learning, or “learning by doing”, which is why the Foundation is proud to support &
champion the following: