Monday, October 20, 2008

Teaching Moment

This from BizLex, photo by: Chris Rosenthal:

Fayette schools welcome financial

literacy program in midst of crisis

The financial crisis of 2008 is providing the ultimate teaching moment for individuals and businesses alike. While much of the Wall Street meltdown can be traced to irresponsible behavior and even incompetence at the highest, most exquisitely salaried levels on Wall Street –– as well as to deregulatory zeal on Capitol Hill –– widespread financial illiteracy and resulting consumer gullibility also played important roles.

The good news is that it's now hard to find anyone who doesn't agree that far more could and should be done to educate and prepare future generations to successfully manage their own finances and to have the savvy to make informed decisions when choosing policy-makers at the voting booth.

And more is being done.

Fayette County Schools Superintendent Stu Silberman has welcomed an offer by Junior Achievement to teach Financial Literacy to middle and high school students. "We're very excited about the partnership," he said. "It's a natural fit for us. JA is already coming into our schools with volunteers, so this is an extension of that...

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