Pryce Promotes Financial Literacy in Grove City Classroom

April 10, 2007

Columbus , Ohio – Today, Congresswoman Deborah Pryce (R-Columbus) was joined by Heartland Bank Senior Vice President Jim Long at Park Street Intermediate School in Grove City to help teach area fifth graders about the importance of becoming savvy money managers. The program was part of the American Bankers Association (ABA) Education Foundation’s 11 th Annual “National Teach Children to Save Day” and seeks to help prepare today’s students to become better managers of their future finances.

Said Pryce of the need for financial literacy, “Our nation’s economic health works part and parcel with the personal financial fitness of individual Americans. Sound money management cannot be stressed early enough or often enough, yet, presently, fewer than 10 states require students to complete a personal finance course as a condition for graduation.”

Pryce added, “More so than any previous generation, today’s kids will face countless and increasingly complex financial dangers in the future. By instilling sensible budgeting and savings value systems in students today, we can help them avoid future financial missteps.”

Pryce serves on the House Financial Services Committee and as Ranking Member of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. The Committee is likely to consider legislation addressing predatory lending before year’s end.

The ABA Education Foundation established National Teach Children to Save Day to spotlight the importance of teaching our nation's youth about saving money. Each April, bankers join with community leaders to make presentations to K-12 students about budgeting, saving, recognizing needs and wants and how interest makes money grow. Since the first National Teach Children to Save Day, nearly 36,500 bankers have made more than 46,900 presentations and reached in excess of 1.9 million children and teens across the country, providing them with money skills they'll use throughout life.

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