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Parents Encouraged to Teach Their Kids About Money, Finance

Education News – Kristin Decarr

“Educators and parents, politicians and lobbyists are discussing the issue of who is responsible for teaching children about financial literacy, and at what age this education should begin. Despite 43 states in the US requiring courses on personal finance and all 50 requiring economics courses to be included in K-12 standards, fewer require those standards to be implemented by districts (35 and 45 respectively), and even fewer require courses to be offered in high school (19 and 24 respectively)…Many experts state that reliance on public education may not be enough. Instead, it is suggested that parents begin the discussion at home. While not everyone will follow the same strategy, Jayne A. Pearl, the Amherst, MA-based author of Kids and Money: Giving Them the Savvy to Succeed Financially says parents should turn daily activities into learning experiences for children.”(more)

5 Financial Concepts To Teach Your Teen Before High School Graduation

Forbes – Mark Avallone

“With graduation around the corner, high school seniors and their parents are focused on their school’s graduation requirements. But what about their personal finance education requirements? Are financial skills included in a student’s formal education? Not usually. In fact, I am astonished by how little young people know about personal finance, but I am also impressed by how much interest these students express once they are presented with some financial insight. So, what financial concepts should graduating seniors know before they walk down the aisle to Pomp and Circumstance?…strong personal finance skills are a critical component to an individual’s success. So it’s important that we check in with our teens, evaluate their financial knowledge, and pick up the slack where needed. To help you prepare your teens for the real world, I’ve included below my top five financial topics that teens should understand by high school graduation.”(more)