Washington, D.C. (PRWEB) August 22, 2014
As teenagers start heading back to high school and away from their summer jobs, the Independent Community Bankers of America® (ICBA) and the nation’s more than 6,500 community banks are encouraging teens and their parents to talk about the importance of money management and overall financial literacy.
“The teenage years are an influential period in a young person’s life, particularly a time period when they can learn valuable skill sets for the future,” said John Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y. “Teaching, educating and training teenagers on proper financial skills is worthwhile to all communities. The nation’s community banks are on-hand to help provide parents and their teenagers with information about money, savings, credit and additional financial skills.”
ICBA and the nation’s community banks suggest the following tips and advice for high school-aged students based on guidance from the National Endowment for Financial Education’s High School Financial Planning Program:
“We have seen continued evidence of a gap in how well youth are financially prepared before adulthood. Yet, I am frequently encouraged by the role parents, educators, non-profits and for-profit financial organizations are taking to remedy this challenge,” Ted Beck, president and CEO of the National Endowment for Financial Education (NEFE), said. “We have a societal responsibility to build and improve the financial capability of America’s youth. Providing early and continuous financial education has an impact socially and economically and it will take a group effort for us to be successful.”
Community banks nationwide are on hand to help teenagers and young adults learn more about how to properly manage their credit, create savings accounts and become more financially literate.
During the month of August, ICBA will spotlight community banks that are active and engaged in local youth financial literacy efforts on the association’s Go Local blog and social media channels. ICBA will also release consumer-related press releases to provide financial literacy tools for parents and elementary to college-aged students.
To learn more about ICBA, visit http://www.icba.org. To find a community bank in your area, visit ICBA's community bank locator.
The Independent Community Bankers of America®, the nation’s voice for more than 6,500 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit http://www.icba.org.
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