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Teaching youngsters about money management now helps them make wise choices later :

on .

By Rachel McGrath
Posted April 7, 2012

There are likely few people who have weathered the recession of the past four years unscathed and that's one reason, advocates say, that children need to be better prepared for their personal economic future.

Margo White works for Junior Achievement of Southern California, a nonprofit organization dedicated to educating students about entrepreneurship and financial literacy through hands-on activities.

"What we have just experienced as a nation and continue to deal with, how adults manage money or not, has become a topic at the forefront of people's thoughts on a daily basis. It has brought the topic of financial education to a level it's never been in the past," White said.

April is National Financial Literacy Month. More than half of U.S. adults admit that they do not have a budget, according to the 2012 Financial Literacy Survey released this month by the National Foundation for Credit Counseling and the Network Branded Prepaid Card Association.

Read more:
- vcstar.com