Financial education for kids starts form young when kids are between 7 to 9 years old. Youth who are not taught how to manage, value, and work for money lack the skills they need to be self-sufficient. This situation has impact not only on the child’s future finances, but also self-esteem, relationships, and overall enjoyment of life when he or she matures into adulthood.
Parents, schools, and third-party providers represent the front line to ensure that our kids receive the best financial education education that drives students to use higher-level thinking skills and focuses on helping them develop systems and behaviors that build a foundation for managing their money well.
See the Standards for Kids’ Financial Literacy Education
The NFEC sets industry standards for youth financial education that are referenced by organizations around the globe. Our objective is to share benchmarks with the personal finance industry and the public that help improve people’s financial capabilities. To develop these industry standards, the NFEC collaborated with child development experts, educators, personal finance professionals, psychologists, behavioral therapists, and other experts to ensure that the educational standards were based in sound research.
Tim Connolly 