While the youngest generation isn’t the hardest hit by the coronavirus disease (COVID-19) pandemic, the impact is still there, Credit Union League of Connecticut President/CEO Bruce Adams told Hartford’s Fox 61 this week. Adams appeared on the broadcast to discuss why financial literacy for youth is more important than ever during these times.
“It’s so important to do anything we can to teach financial literacy. We certainly try to do that at the league, and we think Connecticut schools should be doing it because the kids who need it the most aren’t getting that kind of education,” Adams said. “We need to plan for our economic resiliency going forward.”
The Connecticut League is a strong proponent of Financial Reality Fairs, in-school events that let students simulate what’s it like to live as an adult in the workforce. The League has done such fairs for more than 10 years, reaching nearly 35,000 Connecticut students.
Adams also discussed the role of technology in youth financial literacy, as well as the basics children should learn at home, including how to spend within your means, what different loans are and when is a good time to start investing.