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April 11, 2013

Bank helps students understand financial world

(Continued)

“The IFS can be proud of its contribution Tuesday and many times in the past to our youth’s education,” he added.

While financial literacy is not a mandated course in Massachusetts schools, that could change. In 2011 Senate Bill 204, “An Act Relative to Financial Literacy in Schools,” was proposed and would require that personal financial literacy be taught at all schools in the commonwealth. The initiative has not yet been acted on.

The Credit for Life Fair is the first in several financial literacy events the Institution for Savings will hold this month, deemed National Financial Literacy Month. Bank representatives will also be making their annual trek to area elementary schools to conduct “Teach Children to Save” assemblies to third-grade classes.

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