On Bauer Business Focus — A conversation on promoting financial literacy to high school students with Andrew Schneider, business reporter for KUHF 88.7 FM.
Since 1919, Junior Achievement has focused on teaching the concepts of business and economics. In recent years, the organization has emphasized financial literacy for high school students, a result of the recent economic downturn, according to Rick Franke, president of Junior Achievement of Southeast Texas
Franke stopped by Bauer Business Focus recently to discuss how his organization is giving teens the tools to budget and plan.
“Historically it has been the parent’s responsibility to teach their children financial literacy, and that’s not happening ,” Franke said. “The unfortunate thing is a lot of parents don’t understand how to manage their finances so you see the cycle repeat itself.”
Generations of Americans are growing up without proper understanding of basic financial practices, a statistic Franke says is a contributor to the country’s economic crisis.
“When you look at our whole economic picture, there are a lot of filings for bankruptcy and people getting in trouble for misuse of credit cards, and it’s been an escalating crisis in America that needs to be addressed.”
Click here to hear the full interview.