Consumer Payment Card News

Money Skills

More than half of U.S. parents are using the traditional back-to-school season as an opportunity to teach their children basic money management skills. An annual survey conducted by VISA also found that more than 90% of parents want students to learn practical money skills before the graduate from high school. VISA U.S.A.’s “Annual Back-to-School Survey” also found 76% of parents think schools should be required to teach a class in personal financial management. Working with the Jump$tart Coalition for Personal Financial Literacy, the National Consumers League, BigChalk, Lightspan.com, Inet Classroom, Classroom Connect, U.S. News and World Report Classroom Program, U.S. Hispanic Chamber of Commerce, and the National Association of Consumer Agency Administrators, VISA’s “Practical Money Skills for Life” program reaches more than 100,000 schools and 37 million students. The program is available in both English and Spanish. VISA’s program was developed by teachers for teachers. In an effort to increase financial literacy of America s youth, Visa is sponsoring the “Practical Money Skills for Life Educator Challenge.” High school teachers can go to www.PracticalMoneySkills.com now to enter their classrooms in the contest for a chance to win computers and school supplies.

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