The goal of financial literacy is to build the knowledge and skills needed to understand basic financial concepts.
Financial literacy is essential to improve economic mobility. But instead of learning these lessons the hard way, how can we adequately prepare youth to be smart consumers and avoid common financial pitfalls?
When should you start talking to your kids about financial readiness? Should personal finance be included in state curriculum? How should money mangegment skills be taught?
What are the best practices to make sure your teen is financially ready for college? What programs exist for young students to learn about best money practices?
- Krystina Irvin, director of Experiential Learning at Texas A&M San Antonio
- Jennifer Cantu, market manager for Bank of America in San Antonio
- Steve Cobb, interim co-director and board member for the Texas Council on Economic Education and professor of economics at the University of North Texas
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*This interview was recorded on Wednesday, November 6.