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Published on Wednesday, Nov 18, 2009
The pervasiveness of financial illiteracy in the United States is underscored by some gloomy statistics.
Although most parents think it's important to discuss personal finance with their teenagers, more than three-quarters flunked when tested on their own knowledge of personal financial management, according to a survey by the University of Kansas.
H&R Block Inc. hopes to improve those grades with a new program it's rolling out.
The Kansas City, Mo.-based tax-preparation company has designed http://www.hrblockdollarsandsense.com with pointers on talking to teens about financial matters. The software simulates real-life situations such as looking for an apartment, finding a job, opening a bank account or buying groceries.
The idea is to allow teens to make real-life decisions without suffering adverse real-world consequences when they make a mistake.
— McClatchy-Tribune
News Service
Get the full article here.
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