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-- one of the hardest lessons to come from the financial crisis is that too many Americans simply don't know enough about how money works.
Here to talk about why teaching financial literacy to children is so critical is -- -- the account director at the boys and girls clubs of America.
Adam thank you so much for being with us at love the program.
Basically targeting teens thirteen to eighteen teaching them to be responsible and to understand money.
Yeah good thanks for having me teaching young people financial literacy is if he especially in this economic time.
Boys and Girls Club in partnership with Charles Schwab.
Develop a program five years ago -- now and thousands aborting girls comes across the country to -- some of those financial basics like savings and budgeting thing that.
Just are getting -- right now.
To -- to narrow it down the most important things that you think you -- need to be -- -- targeting kids ages thirteen to eighteen.
And this program all the money matters make it count program consists of five primary components doesn't.
Yes it does shaving budgeting onto -- or -- on the basics of credit in the stock market.
While a host of other things they've been beyond the five topics on -- -- really taking a look and looking at the behaviors that are positive.
Are you finding that kids are really interested in this kind of stuff I mean it's you I know you have a ton of people involved.
Is there any enthusiasm or is this just don't you know the programs that we don't get a lot of enrollment.
No actually -- we we got a great deal of the Roman and the key is to make.
Talking about money loaning them money fun and interactive there's one thing to learn about a bank and how it works is another thing to go into the bank.
And meet -- -- banker.
There's there isn't going to college.
People are intimidated by the costs of college well once you go to a college campus and take a tour and talk of the financial aid counselor.
You'll see that going to college is a possibility for everyone and young people just don't know that until they -- kept to themselves.
Teens completed this program so obviously.
You're targeting -- -- you're throwing a wide net out there all across the country are you finding that more teens in low income areas want to participate because maybe they don't have the education.
Up to that point from their parents are you finding the opposite -- finding any interest thing up.
Dynamics in terms of who's actually.
Sure you know aborting girls have typically -- underserved communities so.
That's the nature of our population but I would say that the type of information that a money -- program offers.
It is relevant to all young people whether they come from from.
Good test your economic -- backgrounds are disadvantaged ones.
I think the basic foundation skills that that -- -- savings at an early age is good for any young person and so and so I'm not to the bathroom filling a factor.
Adam a while back I met someone who had been through your program he was from a low -- -- area he was so.
Impressive saving for college on his way filling out applications can you talk about.
How to you are in contention with -- Charles Schwab and how these kids get scholarship money.
Yeah absolutely and then thank -- I remember that well.
Through throughout the program we have a yearlong competition where young people who do go through the program the older the older ones were getting ready for college.
Have an opportunity to demonstrate what they've learned in some of those young people have started their own business says or have set up parent workshop for the parents of club members.
Can get some of that same information and really from inspiring work.
And they have an opportunity to win 2000 dollar college scholarships we issue about.
28 year and to date we've issued 300000.
Dollars in college scholarships to young people -- boys and -- gone -- -- fantastic and -- the support from Charles Schwab is is amazing.
And can you ought to give us the web sites make sure we had to make sure nobody else has this -- -- -- -- a more information about this program.
Yeah you got -- thanks www.
A dot org -- boys and girls clubs of America and you can find your local club with a simple search tool that's on that website so get involved in any way you can get some great.
Financial literacy with a money -- from.
At -- doing such great things thank you so much for coming on.
Thanks very thanks for.
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