FDIC launches lessons for students

WASHINGTON – The Federal Deposit Insurance Corp. last week launched a series of lesson plans for teachers to help teach children about managing money.

The series, dubbed “Money Smart,” is designed to improve financial education and decision-making skills for children ranging from pre-kindergarten to 20 years old, according to a press release.

The FDIC’s curriculum, which it created in collaboration with the Consumer Financial Protection Bureau, is accessible through its website, www.fdic.gov/teachers. The four-part program is tailored to four different age groups and abilities, including pre-K through second grade, third grade through fifth grade, sixth grade through eighth grade and ninth grade through twelfth grade, according to the release.

“Each curriculum consists of multiple lessons that offer instructors ideas on how to integrate financial education instruction into subjects such as math, English and social studies,” according to the release.

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The website shows teachers or parents how the financial education concepts can be taught to children and teenagers.

“It is important that financial education begin at a young age so that children can build long-term, positive financial habits,” said FDIC chairman Martin J. Gruenberg, in a statement. “The new tools released today build on FDIC’s long track record in financial education by involving parents and teachers in a way that helps children build financial capability and take advantage of the opportunities in the banking system to reach this financial goals.”

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