August 16, 2022

Rocky Daily News

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Teaching financial literacy can unlock academic measurement

1 min read

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Growing up in a working-class family, we never received cash stuck in a birthday or holiday card, which is why I remember the time I got a $25 U.S. Savings Bond from my grandmother.

State Treasurer Dave Young

It came in a birthday card, when I was 7 or 8 years old. Twenty-five dollars was a fortune to me. As badly as I wanted access to that cash then, I knew my payout would double to $50 if I waited 20 years for the bond to mature.

This was my first memory having to deal with money, but certainly not my last. And it was my introduction to financial literacy as a child.

Financial literacy refers to a person’s ability to make good financial decisions. Without it, people will struggle to make ends meet, to plan their finances, and to achieve economic well-being.

READ: Colorado Sun opinion…

Dave Young

2022-04-11 01:30:00

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