Kids Who Save Money Are More Likely To Go To College, Have a Better Outlook on Life and Are More Financially Literate
Corey Carlisle, Executive Director, American Bankers Association Foundation
(Washington, D.C., Thursday, April 27, 2017) – Kids who learn the fundamentals of financial education are more likely to save money, go to college and ultimately, have a better outlook on life. In honor of National Financial Capability Month, the American Bankers Association Foundation is organizing banker volunteers to visit classrooms across the country and teach children how to become life-long savers as a part of its Teach Children to Save Program. Last year, Teach Children to Save inspired more than 13,000 bankers to host financial literacy lessons, reaching nearly 450,000 students. This year, Teach Children to Save Day will be celebrated on Friday, April 28.
Celebrating its 20th anniversary, Teach Children to Save and the ABA Foundation’s other financial education initiatives have reached more than 8.9 million children with the help of more than 245,000 banker volunteers across the country. These lessons encourage a greater appreciation of saving and spending wisely. They give kids the opportunity to explore the difference between needs and wants, learn how to identify expenses, trade-offs, and ways to cut spending.
Carlisle will be available to address the following topics:
- What is the Teach Children to Save campaign all about?
- How early should parents begin teaching their kids about saving?
- What are some everyday ways to teach children about saving?
- Why is it important for children to save?