Monday, December 21, 2009
Sunday, November 15, 2009
Wednesday, November 11, 2009
Monday, October 12, 2009
Tuesday, October 06, 2009
Here are some stunning stats to think about regarding financial literacy:
-62% expect of college graduates will have a student loan debt averaging $27,236 (Student Monitor)
-Only 11% of workers under 35 years of age indicate they are participating in their company's 401(k). (American Institute of Certified Public Accountants)
-40% will never gain a net worth in excess of $10,000 (American Dream Education Campaign)
-In most cases, economics and personal financial literacy programs are elective classes so “only 12% of Americans graduate from high school having learned anything about money at all.” (FoxNews.com)
-Less than one-quarter of students and only 20% of parents say students are very well prepared to deal with the financial challenges that await them after graduation. (KeyBank)
We spend so much time trying to fix bad habits in teens, young adults and adults. It's not working! When are we going to realize that the lion's share of our focus must be on the children. We must be good habits in our young children.
Still don't believe me? Please read this.
Thursday, August 13, 2009
Wednesday, July 08, 2009
Wednesday, June 03, 2009
Friday, May 22, 2009
Wednesday, April 22, 2009
Saturday, April 11, 2009
Sunday, March 22, 2009
Sunday, March 15, 2009
Friday, February 13, 2009
Thursday, January 15, 2009
Due to their susceptibility to persuasion and the amount of media they consume, children are the perfect targets for television advertisers. Children under the age of eight do not recognize the persuasive intent of ads and tend to accept them as accurate and unbiased. In fact, 30-second commercials have been found to influence brand preferences in children as young as two years old."
This excerpt is from a report by Children Now, "Interactive Advertising and Children: Issues and Implications." These numbers are eye-popping reasons for why we must speak to our children about advertising and the value of money as young as possible. It's unfortunate that kids are preyed upon, but they are and it's essential that we educate them so that they start to think about the messages that they are inevitably receiving.