CLEVELAND — The Ohio Credit Union League wants parents and teensto talk about money and unveiled this morning its financialeducation initiative called MoneyAndStuff.
|With OCUL research revealing a direct connection betweenpersonal financial illiteracy and the upswing in bankruptcy rates,record debt, and home foreclosures, the program is designed toteach students to make smart financial decisions, understand thedifference between wants and needs, and manage debt.
|Targeting grades 4, 5, 11 and 12 with an emphasis on creditconcepts, the initiative includes a MoneyAndStuff.info Web sitethat offers free financial lessons, tips for parents, andeducational games. There will also be stronger credit unionpartnerships with every Ohio school district.
|In addition, by providing free, high-quality educationalmaterials, credit unions will prepare teachers to meet the statemandate, passed by the Ohio General Assembly in 2006, requiringthat all public high schools teach personal financial educationstarting in 2010.
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