Many financial organizations support National Financial Literacy Month holding promotional events and producing educational materials for U.S. citizens. So does Discover who decided not to limit themselves with only one month.
In 2017 Discover Financial Services together with Discovery Education launched Pathway to Financial Success in Schools. This is an educational program designed to educate high school students in the financial sphere.
Discover is known to be investing about $10 million in financial education. The company gives any high school an opportunity to apply for a grant toward a financial education curriculum. The program has already been received warmly by a huge number of schools throughout the country. For the first two years about 120,000 high school students took part in it. Therefore, last year Discover also developed materials for middle school students.
The Pathway to Financial Success in Schools program offers teachers, students and their families a variety of learning resources. These include interactive classroom activities, videos and self-paced modules for students, family activities and educator guides and videos.
Middle school students are taught how to use a budget, choose a future career and plan their spending reasonably. The materials for high school students contain information on how to be financially responsible, save money and invest responsibly, choose a well-paid job, use credit cards and services offered by banks and other financial institutions, understand credit scores, check credit reports and manage debt.
Recent studies show that 8% of parents with kids under 18 confirm at least one of their children has their own credit card. And what is more interesting, 21% of parents accuse their children of using credit cards without permission. It seems to be the reason to start thinking about your children’s financial literacy.
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