5 Ways to Build Your Kid’s Financial Literacy

March 16, 2021 | entrepreneur.com

Today’s kids are tech savvy, media savvy and well-acquainted with how to operate in a modern world, but one area in which many of them lack skills is financial literacy.

Basic day-to-day finance skills are hard to model in a changing world where topics like currency type and payment methods are always in flux. A 2019 report by the FINRA Investor Education Foundation showed that, between 2009 and 2018, there was an 8% drop in the number of respondents who could answer questions about simple financial topics. In addition, lack of funding at the elementary and high school levels often means that age-appropriate finance courses take a backseat to core subjects or become ancillary parts of the curriculum.

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