Penn State Ag Sciences Newsline -- September 4, 2001
Gaining financial literacy is important for young adults (:43)
Suggested Intro:
AS STUDENTS RETURN TO SCHOOL AND THE "THREE 'R'S, AN EXPERT IN PENN STATE'S COLLEGE OF AGRICULTURAL SCIENCES SAYS ANOTHER KIND OF LITERACY CAN BE VERY IMPORTANT. GARY ABDULLAH HAS THE STORY:
Story:
(:11) FINANCIAL LITERACY IS YOUR ABILITY TO UNDERSTAND AND MAKE DECISIONS THAT AFFECT YOUR PERSONAL FINANCES, AND PENN STATE CONSUMER ISSUES SPECIALIST CATHY BOWEN SAYS TEENS NEED AGE-APPROPRIATE TRAINING:
Bowen Actuality:
(:16) "DIFFERENT STAGES OF LIFE, WE NEED TO FOCUS ON DIFFERENT THINGS RELATING TO FINANCES. SOMEONE WHO'S 13 YEARS OLD IS NOT LIKELY TO BE ABLE TO WRITE A CHECK, SO THEY DON'T NEED TO UNDERSTAND HOW TO BALANCE A CHECKBOOK AT THAT POINT. BUT AS THEY APPROACH 16 TO 18 AND MAY BE GETTING READY TO LEAVE HOME, THEN THAT'S THE TIME TO TEACH THEM THOSE KINDS OF SKILLS."
(:16) BOWEN SAYS TV, NEWSPAPERS, BOOKS, THE INTERNET AND LOCAL PENN STATE COOPERATIVE EXTENSION OFFICES ARE SOURCES OF INFORMATION THAT CAN INCREASE YOUR FINANCIAL LITERACY. HIGH SCHOOLS AND COLLEGES MAY ALSO OFFER PERSONAL FINANCE TRAINING. FROM PENN STATE, I'M GARY ABDULLAH.
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