Tuesday, July 24, 2007
Road to 10%
How long will it take us to get from a sub zero savings rate to 10%. Likely a generation. But steps like the bill being considered in the California legislature can help. AB 150 is a "first step" bill that will establish the California Literacy Council and create a state clearinghouse of financial literacy information for California schools. As I've said before, understanding personal finance is as crucial to a kid's well being as learning multiplication tables and your ABC's. The California Jump$tart Coalition (of which Snigglezoo Entertainment, our company, is a member) is focused on bringing financial literacy education to every child in California. This bill is a good first step. Currently, only seven states require that high school students take a personal finance course to graduate. This number should be 50. In time it will be.