The Wall Street Journal reports that the key to preparing youth with tools to navigate the economy is an early start. According to reporter Emily Glazer, "financial experts say it's essential to get kids on the road to financial literacy at an early age".
It's highlighted that Girl Scouts of the USA will soon roll out 13 types of "Personal Finance" badges for girls ages five to 18. Girls will have to complete five activities based on age. A five-year-old must recognize different coins while a 13-year-old must create a budget, says Suzanne Harper, the Girl Scouts' director of program resources. "Even at the Daisy level (ages 5 and 6), they can start to understand that money doesn't grow on trees," Harper says.
Timothy Higdon, Chief of External Affairs of the Girl Scouts of the USA and Patricia Stensrud, Board President of the Girl Scouts of Greater New York, along with Judy Vredenburgh, President and CEO of Girls Inc. recently attended The Closing Bell® at the New York Stock Exchange in honor of Financial Literacy Month, underscoring the importance of financial empowerment and financial capability for girls.
Has involvement in Girl Scouting increased your financial literacy?