In a world where banking news is often grim – from Citigroup’s robo-signing settlement and Danske Bank’s money laundering inquiry to Wells Fargo’s latest scandal – positive efforts by financial institutions to benefit more than their shareholders are a welcome relief. One such program is Fidelity Investment’s Fidelity Cares Teacher Financial Literacy Training Program.
Next Gen Personal Finance: Improving the Financial Lives of America’s Next Generations
Personal finance is an important topic for consumers today, and a recent survey found that the majority of parents—from Millennials (55 percent) to Gen Xers (73 percent) and Boomers (79 percent)—believe that educating children about financial matters should begin at home. Unfortunately, they don’t always have the knowledge or resources to do so effectively. Among the parents who have attempted to teach their children about saving, investing and budgeting, a mere 19 percent feel they’ve been completely successful.