CLEVELAND — The Ohio Credit Union League wants parents and teens to talk about money and unveiled this morning its financial education initiative called MoneyAndStuff.
With OCUL research revealing a direct connection between personal financial illiteracy and the upswing in bankruptcy rates, record debt, and home foreclosures, the program is designed to teach students to make smart financial decisions, understand the difference between wants and needs, and manage debt.
Targeting grades 4, 5, 11 and 12 with an emphasis on credit concepts, the initiative includes a MoneyAndStuff.info Web site that offers free financial lessons, tips for parents, and educational games. There will also be stronger credit union partnerships with every Ohio school district.
In addition, by providing free, high-quality educational materials, credit unions will prepare teachers to meet the state mandate, passed by the Ohio General Assembly in 2006, requiring that all public high schools teach personal financial education starting in 2010.
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