By: Renee Browne, Division of Youth Services
While today is the last day of April, National Financial Capability Month, we can all agree that youth financial literacy is of great importance all year round.
As the President stated in his declaration “[t]he foundation of American prosperity is the freedom of financial independence:" yet many youth and young adults are not knowledgeable of key concepts of financial literacy necessary to make financial decisions. At this critical phase of life, youth will be faced with making decisions on what to do with a paycheck, whether to invest in college, which credit cards to choose, and how much to save for retirement.
Let’s start this next month and continue throughout the year to educate our youth on the economic and financial topics of opportunity cost; and, income, money management, spending, credit, and saving and investment.
For useful resources, please visit our financial literacy education resource page to learn about additional tools.