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May 25, 2006
Financial first impressions (you're never too young to make a good one)
"It's pretty tempting to spend. But every week I'm going to deposit . . . so I can watch it grow and grow and grow."
"I think I'm definitely going to work on savings."
"Sometimes I regret what I spend it on. Now I can come to the bank and just put it in instead."
No, these are not the latest financial wizards from Morgan Stanley. They're elementary school students who have been taught to save through financial education programs, and in some instances bank branches, at their schools. The Washington Post reports that children are learning financial savings skills through school that their parents haven't mastered or aren't teaching them.
As BoardBuzz reported last week, Wisconsin has already moved to develop performance standards for students about their financial future. And now there's news that Texas, South Carolina, and Virginia are passing laws mandating economics and financial literacy be taught at the middle and high school levels. Additionally, the Maryland Sate Department of Education is working to develop lessons covering such topics as health insurance, retirement planning, and credit card management.
And that's news you can bank on.
Posted May 25, 2006 3:49 PM |
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