There are many reasons for our current economic situation. Anywhere from people who just don't think to people who just aren't educated in finance. The education system consistently teaches us the same old things: Math, science, history, English, reading all the same subjects year after year. Many of them absolute requirements in order to graduate. But there is no required finance subjects in the curriculum, but there needs to be.
Financial education needs to become a must if we are ever going to prevent the economic crisis's of the future. But things are off to a good start with programs like Teach Children To Save Day.
Building on Bank of America's commitment to strengthen the economic health of the communities it serves, Bank of America Associates are volunteering across the enterprise to help youth gain a better understanding of personal finances as part of the bank's Global Service Month.
Teach Children to Save Day, one of the four Global Service Month volunteer initiatives that are aligned with the bank's focus on serving critical needs in communities, will be held on April 21. On Teach Children to Save Day, which is being held in conjunction with the American Bankers Association, Bank of America associate volunteers will have an opportunity to share their expertise and passion with young people, exposing them to the basics of savings, a critical component of responsible financial management.
Bank of America invests in comprehensive programs to help consumers of all ages gain a better understanding of personal financial management and associate volunteerism plays a key role toward helping customers and communities achieve financial stability and long term success. In the last couple of years, Bank of America has invested more than $10 million to increase students' knowledge of savings, investing and managing college expenses and has developed a financial education curriculum, Financial Fitness For Life .
Last year, Bank of America associate volunteers helped students across the bank's footprint gain a better understanding of critical financial skills with more than 6,900 volunteer hours donated through a range of on going programs. Providing financial education is easy and a comprehensive curriculum is provide to ensure that volunteers have all the necessary tools to give students the building blocks of personal finance.
"Providing people of all ages, particularly young people, with the financial education and he tools to thrive in a global community is critical to economic stability around the world and a key priority fro Bank of America," said Ric Struthers, Global Card Services executive. "Our associate volunteers play a significant role to help meet this critical need in very community in which we do business around the world."
Teach Children to Save activities in April include:
- Delaware: More than 150 Bank of America associate volunteers will teach elementary students in 3rd and 4th grade the value of savings, credit and investment.
- Chicago: In partnership with the Illinois Council on Economic Education, Bank of America associates will teach 1st-3rd grade students in 5 elementary schools located in low-to-moderate income communities throughout the city.
- Jacksonville, FL" Volunteers will come out in force to teach Long Branch Elementary Scholl students the basics of good financial management.
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