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NEWS RELEASE 2008
ABA Media Contact: Marquita Powell
(202) 663-5418
E-mail: mpowell@aba.com
Click here for the Teach Children to Save Press Kit
CONGRESSMAN WALTER JONES AND THE BANK OF CURRITUCK “GET FI$CAL” WITH JARVISBURG ELEMENTARY STUDENTS
Event Part of the ABA Education Foundation’s Teach Children to Save Program
Jarvisburg, N.C., Sept. 2– Today Jarvisburg Elementary students learned a lesson on the importance of saving from U.S. Rep. Walter Jones (NC-3) and Becky Forrest, branch manager of The Bank of Currituck, Grandy, as part of the ABA Education Foundation’s Teach Children to Save program.
“Our youth are active spenders, but are they also savers?” asked Congressman Jones. “Today we put Jarvisburg Elementary fifth graders on the path towards making good personal finance decisions as adults, by sharing with them the value in saving and sensible money management practices.”
A 2008 America Saves survey reports that only 28 percent of Americans save the suggested 10 percent of their income. Consequently, America’s poor saving habits are trickling down to our youth, with one in four assuming that they are too young to begin saving, reports Charles Schwab Teens & Money 2007 survey.
“Like other experts, good financial managers improve their skills over time,” said Forrest. “The sooner we begin educating children about how to use money wisely, the better able they’re likely to be at handling their own finances when they become older.”
TCTS lessons bring reality and learning together, incorporating hands-on scenarios and real-life experiences to help kids understand financial topics including how interest makes money grow, how to budget and how to distinguish needs from wants. Bankers choose from lessons like “Patty’s Pet Hamster” or “Survivor Island” to make learning fun.
The ABA Education Foundation works to build a generation of financially educated consumers by connecting bankers and young people. The Foundation’s lesson plans and signature programs, Teach Children to Save and Get Smart about Credit, have helped close to 69,000 bankers teach money skills to nearly 3.2 million young people.
The ABA Education Foundation provides financial education programs and resources that help bankers make their communities better. Nearly 69,000 bankers have taught basic finance skills to almost 3.2 million young people through participation in the Foundation’s signature programs, Teach Children to Save and Get Smart About Credit. Founded by bankers in 1925, the foundation is guided by a board of bankers and is an affiliate of the American Bankers Association. For more information, visit www.abaef.com or call 1-800-BANKERS.
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