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Connecticut CUs host fin lit fair at Capitol
MERIDEN, Conn. (11/10/09)--Thirty-six Connecticut credit unions provided 70 staff and board members who volunteered at a Financial Reality Fair Nov. 4 for seven high schools at the Connecticut State Capitol in Hartford. “The Connecticut Financial Reality Fair provides students with an opportunity to understand what it takes financially to live on their own,” said Barbara Bass, Credit Union League of Connecticut vice president of education and human resources development.
Thirty-six Connecticut credit unions recently participated in the Connecticut Financial Reality Fair at the state Capitol in Hartford. Pictured is a volunteer who worked with students at the fair to teach them about money management. (Photo provided by the Credit Union League of Connecticut)
“Schools are encouraged to have students study budgeting, investing, and credit in advance of the fair where it is the student’s job to live within a specific salary while paying bills for the month,” she said. “They are successful when they are able to make cost-effective living choices, pay bills and have funds left over to deposit into savings,” she added. Students, teachers, political representatives and state officials attended the event. Connecticut credit unions have hosted financial reality events as a part of their commitment to address youth financial literacy. Studies indicate that young adults leave school burdened with heavy credit card and student loan debt, yet often are ill-equipped to deal with the realities of budgeting and successful money management, the league said.
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