Results of the 2004 Jump$tart Coalition for Personal Financial Literacy Study: However, roughly 65% of those students failed the exam used to measure financial knowledge (in 2006, 62% failed). Parents need to be proactive about teaching their children about money, or the world of marketing and advertising will teach them-incorrectly!Ī nationwide survey shows that for the first time since 1997, high school students are doing better when it comes to money smarts. When and where do children learn about money issues, such as financial responsibility, savings, budgeting, debt and credit? Perhaps a little in high school, but a majority of children learn money management skills-good or bad-at home. Henry Ford, My Life and Work Why is Teaching Children Money Matters So Important? To teach a child to invest and use is better than to teach him to save. But it is not positive it does not lead the child into the safe and useful avenues of self-expression or self-expenditure. As an attempt to counteract thoughtless and selfish expenditure, that has value.
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