Nine out of ten adults overwhelmingly agree personal finance skills should be taught in schools. Despite such strong support, as of 2016, only 17 states require high school students to take a course in personal finance.
Noteworthy is the fact April is Financial Literacy Month.
The American Banker’s Association (ABA) Foundation along with bankers will visit local classrooms this month.
Teach Children to Save is celebrating its 20th anniversary this year and since its inception has encouraged nearly 180,000 bankers to teach saving skills to approximately 7.5 million students. Teach Children to Save Day will be marked on April 28th.
In a Teach Children to Save classroom lesson, bankers teach students the fundamentals of financial literacy through age-specific activities and interactive scenarios. The lessons cover the basics of saving, as well as how to create a budget and distinguish needs from wants.
The program is generously supported by its national partners: Citi, Fiserv, U.S. Bank and Wells Fargo.
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans.