ADVISORY/Detroit Kids Learn Their Financial A, B, C's During National Teach Children to Save Week.Business Editors ADVISORY...for Friday (April 11) --(BUSINESS WIRE)
WHO: Students from Herman School
Representatives from Smith Barney, a member of Citigroup
WHEN: Friday, April 11 at 1:00 PM
WHERE: 16400 Tireman
Detroit, MI 48228
313/584-5525
Principal: Mrs. Verdun
On April 11, students from Herman School will learn their financial a, b, c's during National Teach Children to Save Week. Local Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. employees will teach the kids about money through a lesson that includes fun activities and games. Herman School students will join thousands of kids across America Kids Across America (KAA) is a network of non-profit Christian summer camps located in Golden, MO. It is a sports camp for urban youth, divided into four individual camps largely based on camper age. during National Teach Children to Save Week, sponsored by the American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and Education Foundation. Throughout the week, bankers visit classrooms to teach kids basic lessons about savings and money management. Savings Day and financial literacy Financial literacy is the ability of individuals to make appropriate decisions in managing their personal finances. Raising levels of financial literacy is now a focus of government programmes in countries including[1] Australia, Japan, the United States and the UK. awareness is important because young Americans are spending billions every year without any financial education. "Tweens" spend and influence billions of dollars each year, and the average teenager spends more than $100 per week. Surveys also show that 85 percent of students do not have access to personal finance education in schools. In testimony before Congress, Federal Reserve Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. said financial education prevents "...younger people from making poor financial decisions that can take years to overcome." On Savings Day, bankers will work to counter a looming looming: see mirage. financial literacy crisis in America and give kids a healthy financial start. |
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