“Money is a scarce resource,” says Sara Davis, a senior at La Follette High School, “and it can be challenging to manage it in such a way that all of your necessities, plus a few luxuries, are covered.”
Educators and business leaders agree. If kids are left financially illiterate, they can find themselves easy prey to savvy credit lures, financial scams and credit overload later in life. Smart financial planning and decision making, experts say, are basic survival skills in a capitalistic society.