All posts tagged: economic

Inflation, Scarcity and Teachable Moments

Author: Jack E. Kosakowski, President & CEO of Junior Achievement USA

Most Americans under the age of 40 are experiencing something they haven’t before; inflation. With the exception of a brief period at the beginning of the Great Recession in 2008, inflation has been restrained for nearly four decades. That means prices rising at a pronounced rate in a short amount of time is a new experience for many Millennials and members of Generation Z.

There are several contributing factors to the recent and sustained increase in prices. Though there are more academic ways of explaining how inflation works, a simple definition is “too many dollars chasing too few goods.” The sudden reopening of the economy following the initial shock of the pandemic, combined with government stimulus efforts, labor shortages, and the struggles of the global supply chain to keep up – creating scarcity of some products – are all contributing factors to the current surge in prices.

The impact of inflation and scarcity is not going unnoticed by young Americans. A recent survey by Junior Achievement and research firm ENGINE Insights found that 75 percent of teens have noticed changes during recent shopping experiences, including higher prices (49%), harder-to-find items (47%), and fewer checkers/less help at stores (32%).

From a financial literacy standpoint, these hopefully short-term economic realities present a teachable moment. There’s an old saying, “People fear what they don’t understand.” And while this doesn’t mean that today’s inflation shouldn’t be a cause for concern, as anyone who experienced the double-digit stagflation of the 1970s can attest, the factors contributing to today’s price increases are different than those of the past. Fostering a greater understanding of basic economic concepts among our young people will help them put their concerns into proper context.

To help achieve this, Junior Achievement delivers financial literacy learning experiences to young people in communities across the country with the support of business leaders, educators, and volunteers. Financial literacy is one of three educational pathways promoted by Junior Achievement, along with work- and career-readiness, and entrepreneurship. JA’s approach to these subjects has been shown to positively impact students’ knowledge, attitudes, and competencies related to these essential life skills. A 2020 study by research firm Ipsos shows that JA alumni credit Junior Achievement for helping them have a better understanding of how money, business, and careers work.

To learn more about how you can be part of these “teachable moments,” contact us today.

Inflation, Scarcity and Teachable Moments
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Golf For A Cause Benefits JA Programs

FORT LAUDERDALE COUNTRY CLUB OPENS ITS DOORS TO “GOLF FOR A CAUSE” BENEFITTING JUNIOR ACHIEVEMENT OF SOUTH FLORIDA ON FRIDAY, MARCH 20

MEDIA CONTACT:
Fran Folic
GPR | Goodman Public Relations
(954) 446-0807/15
[email protected]

FORT LAUDERDALE, Fla. (January 30, 2020)Fort Lauderdale Country Club, the oldest private country club in Broward County, will host “Golf For A Cause” on Friday, March 20, from 8 a.m. to 4 p.m., to beneift Junior Achievement of South Florida, a nonprofit organization that inspires and prepares the next generation of fiscally responsible community and business leaders. This day of philanthropy celebrates the completion of the Club’s significant North Course renovation project.

As part of this charitable initiative, Fort Lauderdale County Club will be opening its doors to non-members to exclusively enjoy a day on the fairways while making a difference in the lives of local kids. The community is invited to gather with friends and reserve a time to play 18 holes of championship golf on either Fort Lauderdale Country Club’s newly renovated North Course or its lushly landscaped South Course.

Last year, Fort Lauderdale Country Club helped to raise nearly $800,000 for various charities in Broward County.

“We are proud to support Junior Achievement’s investment in our youth and the invaluable opportunities the organization provides regarding financial literacy and entrepreneurial training,” said Michael O’Brien, general manager of Fort Lauderdale Country Club. “We encourage members, guests and the community-at-large to experience golfing at its finest while giving back to the community.”

The North Course project, overseen by Kipp Schulties, principal architect of Kipp Schulties Golf Design (KSGD), underwent an extensive renovation including replacement of the greens and the provision of tees between 4,800 yards and 7,100 yards, making the course more enjoyable for both men and women of all abilities. The upgrades created an elevated level of excitement for members adding to the facility’s 18-Hole, Par 72 South Course which was built in 1926, remodeled twice and is often home to many corporate and non-profit events, annually.

In the Broward County area, which has numerous golf courses, Fort Lauderdale Country Club is a select private club that offers 36-holes of manicured championship golf in a forested park-like setting. Visually, the Club is truly a unique oasis as fairways are lined with stately native trees and colorful beds of flowers, as opposed to houses. Inside, the venue provides a variety of room and dining options, an experienced event staff and a unique “inside-outside” Plantation room.

“Junior Achievement of South Florida is honored to have the support of Fort Lauderdale Country Club and the golfing community to help fund our programming to over 50,000 K-12 students in Broward and south Palm Beach counties,” said Laurie Sallarulo, president and CEO of Junior Achievement of South Florida. “This opportunity will help us put key economic and workforce lessons into action while teaching our future leaders the value of contributing to the community.”

The golf fee to participate in “Golf For A Cause” is $125 per person with approximately $90 going directly to benefit Junior Achievement. The fee includes access to golf club amenities including a gold cart, practice facilities, dining areas and locker rooms. Golf club rentals are available for an additional fee. Tee time reservations are required and can be made by calling (954) 318-0190.

For more information about membership, please call (954) 318-0190, visit us online at www.fortlauderdalecc.com, on Facebook at facebook.com/FortLauderdaleCC, on Instagram at @fortlauderdalecountryclub or on YouTube.

About Junior Achievement of South Florida

Founded in 1959, Junior Achievement of South Florida aims to inspire and prepare youth to succeed in a global economy. It trains the next generation of business leaders, employees and consumers by educating students about financial literacy, entrepreneurship and work readiness. With the help of over 7,000 trained corporate and community volunteers and mentors, JA delivers over 20 unique programs to 50,000 students in classrooms throughout Broward and south Palm Beach counties and at JA World Huizenga Center at the Lillian S. Wells Pavilion on the Broward College North Campus, a first-class facility housing two JA BizTowns and JA Finance Park.For more information, call (954) 979-7100 or visit www.jasouthflorida.org.

About Fort Lauderdale County Club (FLCC)

Established in 1926, Fort Lauderdale Country Club (FLCC) is the oldest private country club in Broward County. FLCC offers 36 holes of championship golf on the newly renovated North Course and South Course plus a driving range and multiple practice areas situated on 288 acres of forested parkland featuring rolling fairways dotted with stately indigenous trees and accentuated with immaculately maintained foliage and flowers. FLCC includes a contemporary lakeside clubhouse with a center bar and sumptuous cuisine prepared by an award-winning chef. Golfers and guests can enjoy meals and snacks in the main dining room, Club Side, Men’s Grill or Plantation Room.The clubhouse also houses upscale amenities including a well-stocked Pro Shop, bag storage and a cart barn offering state-of-the-art GPS-equipped electric carts. FLCC is proud to be the home of esteemed PGA teaching professionals and boasts one of the largest women’s golf associations in Broward County. FLCC is conveniently located just five miles from the beaches at 415 Country Club Circle in Fort Lauderdale. For more information about membership, please call (954) 587-4700, visit us online at www.fortlauderdalecc.com, on Facebook at facebook.com/FortLauderdaleCC, on Instagram at @fortlauderdalecountryclub or on YouTube.

Golf For A Cause Benefits JA Programs
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