Academic journal article ABA Banking Journal

Helping Teens Get Smart about Credit

Academic journal article ABA Banking Journal

Helping Teens Get Smart about Credit

Article excerpt

The ABA Education Foundation is encouraging bankers to promote financial education in their communities during the third annual Get Smart About Credit Day, Oct. 20. As part of this annual event, volunteer bankers across the country help teach students how to budget, use credit cards responsibly and build a positive payment history. Bankers will use lessons and activities from the Education Foundation's Get Smart About Credit resource kit.

Last year, a half million students Learned how to use credit responsibly from volunteer bankers.

"Get Smart About Credit Day is a great opportunity for bankers to really make a difference in their communities," says Susan Cole, director of the ABA Education Foundation. "The few hours that bankers spend in the classroom can translate into life-long lessons for thousands of teens around the country."

According to the Youth and Money Survey, the majority of young adults, ages 16-22, have never taken a class in personal finance. Also, according to Teen Research Unlimited, teenagers spent $169 billion last year, an average of $91 per week. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.