Workshops put on for teachers by the Atlanta and St. Louis Feds are having the desired results, a recent assessment shows. Teachers are learning about the economy and personal finance, and they are passing this information on to a student body that desperately needs it.

The authors make the case that data literacy is a key component to critical thinking in the world today. They describe the Federal Reserve Economic Data (FRED) database and how it can be used. They provide a classroom lesson that uses FRED to help students gain an understanding of inflation and...