Dealscape beat us to the punch on this announcement from Citi that some of its bankers “took a break” on Friday to teach students in New York about personal finance and saving money, all in honour of Teach Children to Save Day.
Oh yes:
Citi volunteers make learning fun, incorporating hands-on scenarios and real-life experiences into lessons that explain the basics of saving, how interest makes money grow, how to create a budget and how to distinguish needs from wants
As Dealscape points out:
The announcement doesn’t make entirely clear who these “volunteers” are, or how they might be qualified to teach today’s youth about financial responsibility.
And further:
For example, what exactly are these “real-life experiences”? How to create a run on the banks in six easy steps? How to overspend for assets in a decade-long acquisition spree that leaves you overleveraged, depresses your stock price and leaves you teetering on the brink of insolvency?
Touché.