The current economic crisis is impacting citizens across the United States and is expected by many financial institutions to worsen. Long-term, the services that people once expected – Medicare and Social Security – will likely offer reduced benefits. In today’s age, it is not enough to teach core subjects required to graduate, according to the National Financial Educators Council (NFEC). They advocate that it is vitally important to teach money management lessons to kids or they may be negatively impacted by future economic situations.
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