Money Smart Kids

ANCHOR LEAD
DO YOUR KIDS UNDERSTAND THE BASICS OF BUDGETING? DO THEY SAVE THEIR PENNIES, OR SPEND LIKE THERE'S NO TOMORROW? EXPERTS SAY MANY TEENS FLUNK WHEN IT COMES TO FINANCE. IN THIS HEADS UP REPORT SCOTT HANSON SHOWS YOU WHY THE FEDERAL GOVERNMENT IS NOW STEPPING IN TO HELP KIDS GET MONEY SMART...

NAT SOT Length: :01
"Debit cards are different... how are debit cards different?"

TRACK ONE Length: :04
THESE HIGH SCHOOL SENIORS ARE LEARNING SKILLS THAT SHOULD KEEP THEM IN THE MONEY AS THEY GET OLDER.

NAT SOT Length: :02
"Are there two kinds of interest?"

TRACK TWO Length : :07
THINK OF IT AS THE ABC'S OF MONEY MANAGEMENT.
MONEY SMART IS A PROGRAM IN EVERYDAY ECONOMICS, DESIGNED BY THE FDIC.

SOT
KEY @: :19 Donna Gambrell, Deputy Director, FDIC
"In the late 1990's persons under 25 were filing the largest number of bankruptcies in the country."

TRACK THREE Length:16
SOURCE:
This financial literacy survey was conducted by www.jumpstart.org. The survey asked questions about income, money management, savings and spending. Approximately 4,000 high school students were surveyed.
AND RESEARCH SHOWS TODAY'S TEENS ARE AT HIGH RISK FOR MONEY MELTDOWNS. IN A RECENT SURVEY, HIGH SCHOOL STUDENTS WERE ASKED ABOUT INCOME, MONEY MANAGEMENT, SAVINGS AND SPENDING. THEY COULD ONLY ANSWER A LITTLE MORE THAN HALF THE QUESTIONS CORRECTLY. THAT'S WHY PROGRAMS LIKE THIS ARE POPPING UP IN SCHOOLS...

SOT
KEY @: :41 Colleen Johnson, Money Smart Student
"I like it, it's not too hard, but we learn a lot about financing, savings accounts, credit cards."

TRACK FOUR Length: :06
MANY OF THESE SENIORS HAVE PART-TIME JOBS AND BANK ACCOUNTS. SOME ARE ALREADY THINKING OF LOANS FOR COLLEGE.

SOT
KEY @: :56 Donna Burrill, Business Education Teacher
"We always tell them, you know if you don't have a plan for your money, someone else will. And that's what we try to drill home to them."

TRACK FIVE Length: :06
MONEY SMART TEACHES KIDS HOW TO OPEN THEIR OWN BANK ACCOUNTS, AND HOW TO USE COMPUTERS AS A RESOURCE.

SOT
KEY @: 1:08 Antrnio Pina, Money Smart Student
"I think it's essential, especially with teenagers to learn how it works."

STAND-UP CLOSE
THIS PROGRAM'S NOT JUST FOR TEENS... THERE ARE SOME LESSONS DESIGNED FOR MIDDLE SCHOOLERS AND EVEN ADULTS. A LITTLE EDUCATION NOW, TO HELP PEOPLE MAKE SMART MONEY DECISIONS LATER. FOR HEADS UP! I'M SCOTT HANSON.

ANCHOR TAG
IF YOU'D LIKE MORE INFORMATION ABOUT MONEY SMART IN SCHOOLS OR THE ONLINE PROGRAM, CALL TOLL-FREE 877-ASKFDIC, OR GO TO THE FDIC WEBSITE AT WWW.FDIC.GOV

SOURCES

JAY ROSENSTEIN
FDIC
(877) 275-3342
Jay is in the FDIC public relations department.

Jumpstart Coalition for Personal Financial Literacy
www.jumpstart.org

Federal Deposit Insurance Corporation
www.fdic.gov