Bankers Unite To Teach Children To Save

More than 12,000 bankers from all 50 states, including Michigan, will participate in the American Bankers Association’s 19th annual “Teach Children To Save” program Friday.

The day-long effort will involve hundreds of bankers across Michigan teaching children to become more financially responsible by developing a greater appreciation of saving and spending wisely.

Today’s effort hopes to reach 248,746 kids, who will be encouraged to explore the difference between needs and wants, learn how to identify expenses and ways to cut spending.

The ABA says children who save money are more likely to go to college, have a better outlook on life and are more financially literate later in life.

In the past, the “Teach Children To Save” program has reached 7.2 million children with the help of more than 210,000 banker volunteers across the country.