Students, teachers profit from financial literacy

Felicia Thomas-Lynn:

Shekira Roby is only 11 years old, but she is already becoming fluent in the language of money.

She has studied the time value of money, the concept of risk and reward, as well as the importance of budgeting and most of all how to save.

"I'm almost up to $100," said Roby, who has also become adept at counting money as one of four tellers at the in-school bank at the Business and Economics Academy of Milwaukee or BEAM, where she is a sixth-grader.

The type of learning she and others are engaged in at the school already is paying dividends toward her financial future, said Tim O'Driscoll, director for the Center for Economic Education at the Lakeland College Milwaukee Center.

"People have to save more at a younger age," O'Driscoll implored. "In society, there is a tremendous lack of knowledge about personal finances and just basic economics."

Posted by Jim Zellmer at January 21, 2011 1:13 AM
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