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Too many Tennesseans are struggling. Businesses can step up by teaching financial literacy

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Too many Tennesseans are struggling. Businesses can step up by teaching financial literacy



Business as usual won’t address the financial challenges facing Tennesseans. Collaboration is key.

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In terms of economic growth, Nashville is growing incredibly wealthy. Veritable gallons of ink have been expended touting the fact that our city is one of the nation’s leading metro areas when it comes to a post-pandemic recovery – and it should be. We should be proud of this accomplishment.

That said, we can’t allow this victory to cloud our vision when it comes to confronting the reality of the hardships felt by folks across our city and state each day that prevent them likewise growing in wealth.

Owning a home is one of the greatest, time-tested ways for families to build wealth. However, homeownership in Tennessee has decreased by more than 5% over the course of the last 24 years – one of the most drastic declines nationwide.

Debt load can harm credit scores and make it harder to pursue the American Dream

Further compounding the issue is debt. According to a recent study from ThinkTennessee, Tennesseans hold more than $50,000 in household debt. While this is slightly lower than the national average, more than one out of every four young adults in Tennessee have debt in collection, higher than the national average of 20%. Among Tennessee’s communities of color, the issue is even worse, with 38% in debt delinquency compared to 25% nationally according to the Urban Institute.

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Debt in collection means missed payments and damaged credit scores, making it harder and more expensive to borrow money for crucial things such as a car, a house, or education, potentially trapping people in an inescapable cycle of debt.

Underscoring all these issues is the fact that our state ranks almost dead-last nationally for understanding the core concepts of money management (48th) and in the lower third for overall financial literacy (38th), making it one of the least financially literate states, according to WalletHub.

More: Tennessee among top U.S. states with people in financial distress, study says. Here’s what that means.

Business as usual won’t address the financial challenges facing Tennesseans. Collaboration is key. United Community is committed to working hand-in-hand with community groups to ensure every Tennessean has access to the financial education and tools they need to thrive. This starts with equipping them with the knowledge to manage money effectively, a mission we take very seriously.

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How gamification can help kids become more financially literate

To help head off issues at an early age, United Community has partnered with Greenlight, a free service that uses gamification to make financial literacy fun for kids. This innovative approach equips young Tennesseans with essential money management skills and teaches valuable lessons about saving, spending, and earning through real-world applications like chores and allowances.

Here in Middle Tennessee, our dedication goes beyond just offering financial services and education; our bankers provide financial support and volunteer with organizations such as Habitat for Humanity, which builds strength, stability and self-reliance in partnership with families in need of decent and affordable housing. In addition to helping build Habitat homes, our bankers help provide the financial education that is part of the necessary foundation for success for new homeowners.

We are committed to creating better opportunities for everyone to achieve their financial goals. Financial education is a huge piece of that equation. But our efforts alone aren’t enough.

We need others to join us in this mission to elevate financial education literacy across Tennessee. Together, let’s make financial education a cornerstone of our state’s prosperity. The stakes have never been higher, but with collective effort and commitment, we can build a brighter, more financially secure future for all Tennesseans.

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Kelley Kee is the Tennessee state president for United Community and has more than 30 years of banking experience in the greater Nashville area. 



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Tennessee

Tennessee reading law: Less than 1% of third graders held back in 2024

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Tennessee reading law: Less than 1% of third graders held back in 2024


Just 0.88% of Tennessee public school third graders were held back this year under the state’s controversial reading law, despite 60% of the class falling short of a state reading benchmark this spring.

With around 74,000 third graders enrolled in the 2023-24 school year statewide, that works out to 655 students who were retained, according to data from the Tennessee Department of Education. The state reading law took effect last year and led to the retention of 1.2% of third graders in 2023, which came out to 898 students.

The law primarily determines children’s reading proficiency by their English language arts scores on the standardized Tennessee Comprehensive Assessment Program, or TCAP, test.

The 60% who fell short on this year’s TCAP represent roughly 50,000 students. However, that number does not include students who were exempt from being held back. Here are those exemptions, including how many students met them:

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  • 11,468: Students with disabilities or suspected disabilities that may impact their reading
  • 3,511: Students who are English learners with less than two years of English language arts instruction
  • 2,596: Students who were held back in a previous grade
  • 2,345: Students who had other exemptions determined by their local education leaders

Exemptions were up to the districts to sort out. The remaining students had to successfully take one of the state’s many “pathways” to avoid being held back.

Here’s a look at how those students fared.

How Tennessee third graders moved on to fourth grade

Third graders who scored “below” or “approaching” expectations on the English language arts section of the TCAP had several options to avoid being held back.

Retakes were offered to third graders shortly after the spring TCAP. A total of 3,274 made a passing score and moved on to fourth grade. Another 99 students won an appeal because they faced a catastrophic circumstance around the time they took the TCAP.

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Third graders who scored as approaching proficiency had three options to move on to fourth grade. Here’s how many qualified for each one:

  • 1,124: Enrolled in summer school, met 90% attendance and showed adequate growth
  • 7,426: Opted into state-provided tutoring for the entirety of fourth grade
  • 3,262: Scored in the 50th percentile or higher of a state-approved universal reading screener and opted into state-provided tutoring for the entirety of fourth grade
  • 2,895: Won a parent appeal and opted into an academic remediation plan in fourth grade, which includes tutoring

Third graders who scored as below proficiency had one option to move on to fourth grade. Here’s how many qualified:

  • 3,411: Enrolled in summer school, met a 90% attendance rate and opted into state-provided tutoring for the entirety of fourth grade

Students who qualified for tutoring in fourth grade must meet an individualized growth goal by the end of fourth grade. This growth goal does not apply to two groups who opted into tutoring: Those who won an appeal, or those who scored as “approaching” on the third grade TCAP and scored in the 50th percentile or higher on the third grade universal reading screener.

A total of 1,950 third graders who fell short on the spring TCAP either did not enroll again or had data that has not been reported to the state. The data reflects reports from districts as of Sept. 6, according to the state department of education.

How the Tennessee reading law affected fourth graders

Fourth graders who enrolled in yearlong tutoring to avoid being held back in third grade must pass the English language arts section of the TCAP or hit individualized growth goals set by the state. However, the reading law does not mandate that they be held back if they do not meet those goals.

Instead, it requires the student’s parents or legal guardians, principal and English language arts teacher to determine what’s best. They can either decide to retain the child or promote them to fifth grade with state-provided tutoring in place.

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According to the state department of education, here’s how fourth graders enrolled in tutoring this year fared:

  • 5,389: Promoted to fifth grade with tutoring in place
  • 3,996: Met adequate growth goals
  • 1,740: Scored proficient on their spring TCAP English language arts section
  • 132: Retained in fourth grade

A total of 906 fourth graders either did not enroll again or had data that was not reported by their district, according to the state education department.

Where can I learn more?

More information on the third grade reading and retention law from the Tennessee Department of Education can be found at tn.gov/education/learning-acceleration.



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Former Titans Coach Named Top Candidate for Jets

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Former Titans Coach Named Top Candidate for Jets


Former Tennessee Titans head coach Mike Vrabel remains a hot name, and he may have another head-coaching job as soon as next season.

Albert Breer of Sports Illustrated recently named a bunch of potential candidates for the New York Jets job in 2025, and Vrabel was at the top of his list.

“Mike Vrabel makes the most sense to me, mostly because he won’t stand down to an owner, and that’s exactly what the New York Jets need,” Breer wrote.

The problem with that is Jets owner Woody Johnson is known to be a meddler, so he a Vrabel-Johnson partnership may never actually come to fruition.

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Still, Vrabel could end up being a perfect fit for the Jets from a stylistic perspective given that New York is built upon a strong defense.

It’s not the first time that Vrabel has been linked to Gang Green, either.

Vrabel actually did a very solid job during his time with the Titans, going 54-45 while making three playoff appearances—including a pair of AFC South titles—across five seasons.

Things went south over Vrabel’s final two years in Tennessee, with the Titans going just 13-21 during that span. However, it is becoming increasingly obvious that the problem was not with Vrabel.

Vrabel is currently serving as an assistant for the Cleveland Browns, but it seems like only a matter of time before he lands a better job elsewhere.

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The 49-year-old also had a 14-year NFL playing career from 1997 through 2010, spending time with the Pittsburgh Steelers, New England Patriots and Kansas City Chiefs. He won three Super Bowls with the Patriots and also made a Pro Bowl with the squad in 2007.

The Jets have been one of the league’s most disappointing teams this season, as they are just 3-8 in spite of having one of the most star-studded rosters in the sport.

Make sure you bookmark Tennessee Titans on SI for the latest news, exclusive interviews, film breakdowns and so much more!



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Tennessee man convicted for Jan. 6 riot found guilty of plotting to kill FBI agents who investigated him

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Tennessee man convicted for Jan. 6 riot found guilty of plotting to kill FBI agents who investigated him


A Jan. 6 rioter who breached the U.S. Capitol was convicted of trying to have law enforcement personnel, including the FBI agents and employees who were investigating him, murdered, the Justice Department said Wednesday. 

Edward Kelley, 35, of Maryville, Tennessee, who was convicted of assaulting law enforcement officers and other crimes during the Capitol attack on Jan. 6, 2021, was found guilty on Wednesday of conspiracy to murder employees of the United States, solicitation to commit a crime of violence, and influencing or retaliating against federal officials by threat.

The jury agreed on a verdict after an hour of deliberation following the three-day trial, WBIR-TV reported.

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Jan. 6 rioter Edward Kelley seen at the U.S. Capitol. Kelley was convicted this week of plotting to kill the FBI agents who investigated him.  (Justice Department)

Federal prosecutors at his trial in Knoxville, Tennessee, said Kelly developed a “kill list” of FBI agents and others who participated in the investigation into his conduct on Jan. 6 while awaiting trial for his involvement in the Capitol riot. 

He distributed the list, as well as videos containing images of FBI employees identified on the list, to a co-conspirator as part of his “mission,” authorities said.

SUPREME COURT RULES IN FAVOR OF JAN. 6 CAPITOL RIOT PARTICIPANT WHO CHALLENGED OBSTRUCTION CONVICTION

Capitol riot

A scene from the January 6 riot at the U.S. Capitol in 2021. (AP Photo/Julio Cortez, File)

Kelley’s co-defendant Austin Carter, who pleaded guilty in November 2023 to conspiracy to kill FBI agents and is awaiting sentencing, testified that Kelly said he needed to “take out” the FBI. He said that he and Kelley planned attacks on the Knoxville FBI Field Office using car bombs and incendiary devices appended to drones. 

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He also testified that the conspirators strategized about assassinating FBI employees in their homes and in public places such as movie theaters.

Edward Kelley inside the Capitol

Edward Kelley inside the U.S. Capitol on Jan. 6, 2021.  (Justice Department)

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Recording introduced by prosecutors showed Kelley directing the plan, and giving instructions to “start it,” “attack,” and “take out their office” in the event of his arrest. He was also recorded stating: “Every hit has to hurt. Every hit has to hurt,” authorities said. 

Kelley is scheduled to be sentenced on May 7, 2025. He faces up to life in prison. 



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