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5 REASONS FINANCIAL LITERACY FOR CHILDREN IS CRUCIAL

» Introduction
"I agree, financial literacy is crucial, but my child is too young to learn?" According to Jean Piaget, a Swiss psychologist (1896–1980), children begin to understand and use mental symbols, words, or pictures, to represent something that is not physically present between the ages of 2-7. As soon as a child begins to ask questions about money he/she should begin to receive lessons on financial literacy.
» Step 1
Children is Crucial
August 21, 2008 - One Response
5 Reasons Financial Literacy for Children is Crucial

MARKETING CAMPAIGNS! According to The Atlanta Journal-Constitution, in 2006, surveyed food and beverages companies spent about $860 million on marketing aimed at children under the age of 12 and about $1 billion at adolescents, with an overlap of $300 million in marketing aimed at both age groups.
SCHOOL CURRICULUM! A study performed to test financial literacy among high school students, by the Jump$tartCoalition, reported 2007 test results to be a mean score of 52.4 percent.
CONSUMER DEBT! According to the Federal Reserve Statistical Release as of July 2007 consumer debt totals over $2,456,600,000.
FORECLOSURES! According to CNN Money, foreclosure filings nationwide soared 57% in January 2008. Of that total, 45,327 homes were lost to bank repossessions.
BANKRUPTCIES! According to the Center for American Progress, the national annualized bankruptcy rate reached 2.7 filings per 1,000 people in the fourth quarter of 2007.
I agree, financial literacy is crucial, but my child is too young to learn? According to Jean Piaget, a Swiss psychologist (1896–1980), children begin to understand and use mental symbols, words, or pictures, to represent something that is not physically present between the ages of 2-7. As soon as a child begins to ask questions about money he/she should begin to receive lessons on financial literacy.

What actions can I begin to take today to improve my child’s financial literacy? Together, let’s make a difference in our children’s financial future. Become active in their learning, visit CROWN MONEY for further details and purchase.

www.crownmoneyinc.com

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