More than 9,800 bankers hosted financial education events across the country this week in celebration of Teach Children to Save Day today. Bankers will teach students the fundamentals of financial literacy, including the basics of saving, how to create a budget and how to distinguish needs from wants. Since 1997, the American Bankers Association’s financial education initiatives have reached 10.5 million children with the help of more than 260,000 banker volunteers.
“Every April, in recognition of Teach Children to Save Day and Financial Literacy Month, our nation’s banks dedicate their time and resources to educating young people on money fundamentals and the value of saving,” said ABA President and CEO Rob Nichols. “By familiarizing students with these important concepts early, we help lay the foundation for a generation of savvy, confident money managers.”
For the first time ever, Nichols will deliver an interactive, virtual presentation on financial literacy that will reach children in classrooms across the country. He will present the same lesson later this month to a sixth grade class at a local school in Washington, D.C. A group of ABA employees also participated in a Teach Children to Save event earlier this week at Imagine Hope Community Charter School in Washington, D.C. In addition to delivering financial literacy lessons to 150 students, ABA volunteers also delivered backpacks stuffed with books and other school supplies.