April marks the start of Financial Literacy Month, a nationally recognized movement to promote and support financial understanding in children and teens. For many, it's a fantastic opportunity to teach and connect with their children or grandchildren, and these kids are ready to learn! Recent data shows that nearly 74% of teens desire to be financially literate, and 86% want to learn how to invest.1
Teens tune in
Every parent has questioned if their child is actually paying attention. But rest assured, our children and grandchildren are listening: 75% of teens in America identify their family as their most trusted source of financial education. In other words, our youngest savers and investors are looking to us for their financial education.2
How to start
It all begins with a frank conversation regarding finances. By demonstrating your openness to discussing what many consider a "taboo" topic, you're also modeling how to approach finances for your young learner. In time, they'll learn to view financial issues and goals clearly with as little unnecessary stress as possible.
A bright future
Financial literacy month has been shown to have a lasting, positive impact on our future investors. Children who are taught personal finance from a young age are more likely to secure lower-cost loans and grants when paying for college and less likely to rely on private loans or high-interest credit cards.3
If you decide to put your "teacher" hat on this month, let us know! We're always happy to help educate and support our future generations.
1. Greenlight.com, 2021
2. Greenlight.com, 2021
3. CNBC.com, 2021
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
...and for the History Lovers... This Week in History
- April 4, 1974 Hank Aaron ties Babe Ruth’s home-run record
- April 5, 1614 Pocahontas marries English colonist John Rolfe.
- April 6, 1789 The first U.S. Congress begins regular sessions at Federal Hall in New York City.
- April 7, 1896 The modern Olympics begin in Athens with eight nations participating.
- April 8, 1789 The U.S. House of Representatives holds its first meeting.
- April 9, 1950 Comedian Bob Hope makes his first television appearance.
- April 10, 1930 The first synthetic rubber is produced.
Notable Dates in April
- April 1 is All Fools’ Day—otherwise known as “April Fools’ Day.” Where did this silly day come from?
- April 2 marks the start of Ramadan (beginning at sundown). Learn more about Ramadan.
- April 10 is Palm Sunday, the Sunday before Easter and the last Sunday of Lent.
- April 15 is Good Friday. Learn more about Good Friday.
- April 15 is the start of Passover, which begins at sundown on this day.
- April 17 is Easter Sunday. (April 24 is Orthodox Easter.) Did you know that Easter’s date is related to the full Moon?
- April 22 is Earth Day. To celebrate, see some Earth Day ideas and activities.
- April 24 is the birthday of Robert B. Thomas, the founder of The Old Farmer’s Almanac!
- April 29 is National Arbor Day. Find out who started Arbor Day and how we observe this day honoring trees.
“Just for Fun” Days
Have fun with these strange celebrations!
- Apr. 1: Sweet Potato Day
- Apr. 6: International Pillow Fight Day
- Apr. 7: National No Housework Day
- Apr. 17: Blah, Blah, Blah Day
- Apr. 21: Go Fly a Kite Day
- Apr. 26: National Richter Scale Day
- Apr. 27: National Sense of Smell Day