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The classroom exercise that turned 4th-graders into smarter money managers

from Time

Elementary school students are eager to engage in real-world economic decisions, and doing so significantly improves their money management skills and sets them on a clearer path to long-term financial security, new research shows. Florida kids exposed to a 10-week program in the Palm Beach School District were 11 percent more likely to open a bank account and engage in other economic activity, according to findings from the University of Wisconsin Center for Financial Literacy. These kids were 9 percent more likely to have some kind of budget and 5 percent more likely to understand basic financial concepts and talk about money at home. more

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