Does Your Child Need Financial Education?
The Jump$tart Coalition for Financial Literacy’s—Making the Case for Financial Literacy, 2007, featured a collection of personal finance statistics gathered from other sources, including some alarming data:
- More than three-quarters of students (76%) wish they had more help preparing for their financial future (2007 survey by The Hartford Financial Services Group, Inc.).
- 49% of teens are eager to learn more about money management, but only 14% have taken a class on the topic (2006 annual back-to-school survey by Capital One).
- Some 70% of parents surveyed indicated their child had not received any formal training in money management, either in school or in the home. Additionally, 76% said that schools should be required to teach money management skills (July 2005 survey of 1,000 Parents of High School Students by Visa).
- Only one in five (20%) of college students claim to have been “very well prepared” for managing their money on campus (August 2006 poll commissioned by KeyBank and conducted by Harris Interactive).
bizKID$ is a new PBS television program designed to boost children’s financial literacy and help them make choices to secure a better financial future. Although targeted for youth ages 9-14, bizKID$ will help parents and children of any age learn about managing money and entrepreneurship, and will provide parents with outstanding learning activities and materials to use at home with their children.
In addition to using the bizKID$ learning activities at home with your child, be sure to tell your child’s teachers about the show and the Web site. bizKID$ is an excellent program for teachers to use in the classroom to teach students about entrepreneurship and money management.
New York credit unions play a major role in making the bizKID$ program possible. Click here to learn more about credit unions and the location of credit unions in your area.
The Show
bizKID$ is about…
- Financial literacy
- Entrepreneurial education
Each of the 30-minute episodes features unique and interesting stories about youth entrepreneurs and reinforces the importance of budgeting, savings, and giving back to the community. The program, which is shown on various PBS stations across New York and the United States, appeals to both children and parents by integrating direct education with real-life profiles, comedy sketches, kooky characters, animation, and music. Each episode features one or two learning objectives based upon national standards in financial literacy and entrepreneurial education.
Supporting educational resources for parents and students, developed by JA Worldwide, are FREE and available on the bizKID$ Web site.
The bizKID$ Web Site
A website which supports the TV show, contains the following FREE resources for teachers, parents, and students:
- Video highlights (provides a synopsis and video segments for each episode)
- A blog with news, resources, and stories for kids
- Educational tools (e.g., lesson plans and classroom activities to support each show)
- A What’s In The Vault? monthly online newsletter for kids that contains
- Ideas for starting a business
- Hints for earning money
- Tips for making money grow
- Fun biz trivia
- Chances to win great prizes
- A Be on TV section (students who have started a business or have implemented a community service project can submit an application to appear on a future TV show)
New York State credit unions are outstanding financial education resources for teachers, and are willing to provide materials and also visit classrooms to discuss various financial education topics. Click here to learn more about credit unions and locate a credit union in your area.
In addition to the bizKID$ program and materials, some other resources for teachers include the Jump$tart Coalition Web site, the Junior Achievement (JA) Worldwide Web site (link to www.ja.org), and the U.S. Financial Literacy and Education Commission My Money for Kids Web site.
The New York Credit Union Foundation (NYCUF) has also assembled a listing of various financial literacy Internet resources.













