Financial Literacy: Teaching You Kids About Money

PHOTO: ©B.Gini
Lauren doing her
"Ben Franklin" face.

An October overview study that will be published in  Management Science looked at 201 different studies on financial literacy education programs.

What they found was that, in general, these programs are not helpful. A student who takes such a course is not any better equipped to make good financial decisions than one who skips class in favor of video games, or sleeping.

Surveys show that half of Americans age 18 to 34 couldn't come up with $2,000 for an emergency, and only 14.6 percent of college students with credit cards know their interest rate.

So the question is, how do we effectively teach our kids about money? Experts say that actions speak louder than words. You can read more at the article link: Money Lessons for Kids


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