The Future of Financial Literacy: Can We Raise Kids’ ‘Money IQ'?

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 28 September 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Buzz 1: “Reading and ‘riting and ‘rithmetic – taught to the tune of the hick’ry stick.” School Days, song written in 1907 by Will D. Cobb and Gus Edwards, is about a couple looking back sentimentally on primary school. The Buzz 2: “In the past, financial literacy has been pushed aside within K-12 schools. There has been a lack of agreement about how and what to teach.…Because financial education prepares students for the realities they’ll face in the real world and contributes directly to their future success, it deserves to hold the same priority as any other K-12 subject.” [Alice Lee fastcompany.com] The Buzz 3: “Students in states with financial education curricula are more likely to save and less likely to pay credit cards late…also more likely to be banked…Digital financial literacy is more front and center….” [ibid] The Buzz 4: “Preschool-aged children are capable of learning simple spending plans. Early training in categorizing money establishes patterns for future money-management behavior… the concept of dividing their money into categories – save, spend, share… understand money is limited in quantity…” [incharge.org] We’ll ask Karen Tenenbaum, Rumbi Petrozzello, Kelly Kirk-Xu, Mac Gardner and Annamaria Lusardi for their take on The Future of Financial Literacy: Can We Raise Our Kids’ ‘Money IQ’?

Transcript

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0:00.0	Where does yesterday's future, which is already here, ready here, really here, meet today's future, which is about to happen, and tomorrow's future, which could be just minutes away?
0:16.2	Welcome to Technology Revolution, the future of now.
0:24.3	Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven trends that are shaping our future right now.
0:30.8	Here's your host who will take us into the future of now, Bonnie D. Graham.
0:35.9	Thank you. The voice of Ryan Treasure for that great introduction.
0:38.9	I have to tell you that.
0:40.2	I never remember which way I say the future is.
0:42.5	So I'm just going to say, that's where the future is.
0:44.4	That's where we're going.
0:45.4	I have a wonderful show for you today.
0:47.1	I have great, my office is empty.
0:48.9	I'm getting a huge echo because I'm moving to another state 10 minutes after the show is over, so we'll just deal with it.
0:56.0	And I want to say safe passage to everybody who's in the eye of Category 5 Hurricane Ian,
1:03.1	which is named actually after a very close relative of mine, and he's been taking grief
1:07.0	from people for days about this name choice.
1:09.2	So let's get started.
1:10.5	Okay, I'm going to open with
1:12.1	my buzz quote as usual, but I have a song from, oh my goodness, 1907 written by Will Cobb and Gus Edwards.
1:19.3	And the song goes like this, reading and writing and arithmetic taught to the tune of the hickory stick.
1:27.0	If anybody's old enough to remember that,
1:29.3	it's called school days.
1:30.7	It's about a couple looking back nostalgically on their days in primary school,
	...

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