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Ohio CUs declare The Summer of Money
COLUMBUS, Ohio (6/2/09)--Ohio credit unions have declared this summer as “The Summer of Money,” a financial education effort that coincides with the start of summer break for school-aged children. During “The Summer of Money,” the Ohio Credit Union League encourages parents to use information from the league’s website, www.MoneyandStuff.info, to teach their children money concepts. The recently updated curriculum on the site is broken down by age group. “Just because children are home from school does not mean they need to leave education in the classroom,” the league said. About 23% of Ohioans make any effort to encourage financial literacy in their families, according to the league. Five percent of consumers surveyed report being taught personal finance when they were young. The league said it sees a direct connection between financial illiteracy and rising bankruptcy rates, debt and foreclosures.
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