Wednesday, October 1, 2008

Kids and Finance

Hi all,

How many of you have been trying to explain "financial crisis" or "collapse of banking" to your kids? It's hard - particularly when it is so complex and it is freaking you out.

I have been doing a series on CBS about the financial crisis and how to speak to your kids about it. The question is how much do you really tell them?

I think you tell them a lot. Understanding our economic system is an important component of social studies learning standards and you can count on it being tested. This crisis isn't just about Wall Street and the sooner you and your child explore that together, the sooner you may be able to get your child to help you save money instead of driving the budget (parents of tweens and teens). So let's use the news to reinforce those learning standards!

Tune in tomorrow for banking tips and saving with your child!


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