The Book
Money $ense for Kids!(Barron’s) is written in the form of a letter to children ages 8 and older and their families.
The author uses kids’ bikes as a metaphor to help children visualize the differences
between risk and various investments.
Wanting both girls and boys to visit the site, the author created two characters. Penny and Bill@ to represent the subject. Monev games and activities were soon added to stimulate the audience further. She continues to create entertaining, educational content to engage young students in what is often perceived as a very dry subject…..
The publisher described the book…” kids and parentswho pick up this book will find plenty to fascinate them. It tells the complete story of money-where it comes from, how to invest it and make it grow, how to open a bank account and use an ATM card, how to write checks and keep track of your money and lots more…”
"US Financial Illiteracy Among Teens"
“Before teens are saddled with financial obligations like paying rent or student loans, it’s important that they learn about personal finance. But our statistics suggest that while teens are interested in financial subjects, schools don’t always arm them with the necessary knowledge to achieve financial wellness.
As of 2021, 75% of teens report learning about personal finance from their parents. 52% of teens learn from school and 42% from social media.
73% of teens reported wanting more personal finance education in 2021.
75% of teens lack confidence in their knowledge of personal finance.
41% of teens don’t know what a 401(k) is and 32% of teens don’t know the difference between a credit card and a debit card.
In 2021, 86% of teens were interested in investing, but 45% said they didn’t invest because they didn’t feel confident.
62% of teens said they had learned about saving, 50% about earning, 44% about saving for college and 42% about budgeting.
While only about half of teens said they learned personal finance from school, the majority said they learned from their parents. This suggests that there’s a need to provide more financial education to teach kids about money.” annuity.org