Teaching Kids About Money

A North Carolina children's advocacy group says students need to be taught basic financial concepts in school if the state is to establish a stable, strong economy.

Action for Children plans to increase its campaign for financial literacy with a report on Thursday. The group's report says about a quarter of North Carolina households do not have a savings account.

The group supports legislation in the General Assembly that would create a Financial Literacy Council that would coordinate financial education within public schools and identify programs that reach people outside the public school system.

The aim is to improve the knowledge people have about navigating the complex financial marketplace.

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  • by Jason Location: Dallas on Oct 18, 2009 at 03:51 PM
    It's about time! This needed to be done in the 1950's. I always wondered why so many people only focused only on education and ignored money. When I was growing up in church, it baffled me when everyone focused so intensely on the New Testament and kind of disregarded the Old Testament, like it was outdated or something. How many dreams have been shattered because of a lack of money? How many marriages have been broken up because of financial problems? Why not teach them the principals of money in school??? Why not encourage our kids to make money and innovate?Truly, it's about time America.
  • by ace Location: plymouth on May 1, 2009 at 09:49 AM
    Does this mean the government will show every kid how to sign up for unemployment, welcare, free grants and how to have childern to support themselves, IE the more childern you have that the state supports the more income you get every month. If you think I am joking go to the local health department and see who is getting free helth care at the tax payer expense.
  • by Sam Location: Williamston on Apr 30, 2009 at 07:55 AM
    This is definately something that kids need to learn these days, especially with the way these greedy politicians and executives of banks, car companies, insurance companies, etc. are running this country into a recession. Listen up children. Kimo, I would like to know more about what you are talking about.
  • by Kimo Location: Belhaven on Apr 30, 2009 at 06:34 AM
    The first "financial" thing we need to learn is that giving money to all these 501(c)(3) groups is not a good financial investment. Otherwise we will get so much help and advice from them that we will not have time to do the job we are paid to do in the schools. A lot of people not having a savings account may mean that they ARE financially literate. Have you looked lately at what savings accounts are paying??

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