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How Early Should We Teach Financial Literacy?

What’s the difference between saving money and investing it? How do you create a budget? To Chicago Treasurer Stephanie Neely, these basic financial questions are best addressed first not with adults -- they should be asked of kids.

“If you get to them in high school, by then it’s too late to change behaviors,” she said during an interview in her City Hall office earlier this month. “With financial literacy, it really is never too early.”

Neely, who is in the middle of her second four-year term, has recently launched her push to make financial literacy a regular piece of the curriculum for Chicago’s grade schoolers. She has imported a program created by the Canadian Foundation for Economic Education in partnership with BMO Financial Group called Talk With Our Kids About Money Day, or “Two-Kam,” as Neely and her staff call it. On April 30, Chicago became the first U.S. city to implement the program, which is starting in about 100 city schools.


Read More at Governing.com . . .

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