Camps 4 Kids
With schools focused on core subjects, there isn't a lot of room for teaching financial literacy. The need for children to receive a basic education in money matters is all too apparent now that the nation is facing what seems to be serious economic meltdowns every decade.
Not only do students need to understand the basics of personal finance, but young people today need to learn the basics of how the economy works in relation to their personal finance.
Teaching children financial literacy has a positive impact on their later life. According to a 2006 report from NASBE, “Individuals graduating from high schools in states that mandate personal finance education courses have higher savings rates and net worth as a percentage of earnings than those who graduate from schools in states without such a mandate.”