Thursday April 20, 2017
A team from South Burlington High School (SBHS) participated in the statewide 2017 Vermont Treasury Cup Challenge April 7 in Montpelier. The annual event hosted by Vermont State Treasurer Beth Pearce tests students’ knowledge of personal finance and economics. Out of ten teams of Vermont high schools, the SBHS team placed third. Coach Eric Stone, SBHS mathematics and science teacher, said, “We had a good day of competition and the teams were strong this year. Given the competition, the kids can be quite proud of their third place result. The students learned a lot and had a great time doing it.”
The competition covered a wide gamut of topics including how to responsibly use credit, ways to budget money, understanding taxes, and purchasing a house. In the second round, students were asked about the rate of inflation, the gross domestic product, the importance of the unemployment rate, how stock markets work, and monetary policy. The final lightning round featured students competing to answer questions that covered both personal finance and economics.
“I commend these students for putting their knowledge to the test. This is a rigorous competition that requires focus and determination. Our hope is that, by challenging students, we help spark an interest in personal finance concepts that will last a lifetime,” said Pearce.
After 18 head-to-head matches, Mount Mansfield Union High School won the championship. Champlain Valley Union High School came in second, with SBHS finishing a close third. This was the ninth year of the day-long competition.
Pearce promotes the long lasting value of the Treasury Cup, saying, “When Vermonters develop their personal finance skills, they are better positioned to lead a lifetime of financial well-being. I’m proud of these competitors.”
Stone added, “We look forward to returning next year to use our experience from this year for an even stronger result.”