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Press Release

Bankers Celebrate 22 Years of Teach Children to Save

April 12 marks Teach Children to Save Day, volunteers to reach estimated 330,700 students

WASHINGTON —

More than 9,850 bankers will host financial education events across the country in celebration of Teach Children to Save Day this year. Since 1997, the ABA Foundation’s financial education initiatives have reached 10.5 million young people with the help of more than 260,000 banker volunteers.

In a Teach Children to Save classroom lesson, bankers teach students the fundamentals of financial literacy through age-specific activities and interactive scenarios. The lessons cover the basics of saving, as well as how to create a budget and distinguish wants from needs.  
“Every April, in recognition of Teach Children to Save Day and Financial Literacy Month, our nation’s banks dedicate their time and resources to educating young people on money fundamentals and the value of saving,” said Rob Nichols, ABA president and CEO. “By familiarizing students with these important concepts early, we help lay the foundation for a generation of savvy, confident money managers.”
 
For the first time ever, Nichols will participate in an interactive, virtual presentation on financial literacy, allowing him to reach children in classrooms across the country. Thanks to a partnership with Nepris, a program that connects teachers and their classrooms with virtual guest speakers, Nichols will present ‘Double or Nothing’ – a Teach Children to Save lesson that covers the importance of saving and how different types of interest can make your money grow. Additionally, Nichols will present the same lesson to 31 sixth grade students at a local Washington D.C. school on April 25.
 
A group of 13 ABA staff also participated in a Teach Children to Save event earlier this week, volunteering in pre-K through 2nd grade classrooms at Imagine Hope Community Charter School in D.C. The volunteers delivered backpacks stuffed with books and other school supplies and gave age-appropriate Teach Children to Save lessons to 150 students.
 
“While we mark Teach Children to Save Day every April, financial literacy is a civic priority for bankers all year long,” said Corey Carlisle, ABA Foundation executive director. “We’re proud of their efforts to educate local students about money management, as well as their continued commitment to improving the communities they serve.”
 
More than 520 banks of all sizes and charters will host Teach Children to Save events this year. Click here for the full list: Bank Participation List.
 
The Teach Children to Save program is generously supported by its national sponsors: Citi, Fiserv, U.S. Bank and Wells Fargo.

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $18 trillion banking industry, which is composed of small, regional and large banks. Together, America’s banks employ more than 2 million men and women, safeguard nearly $14 trillion in deposits and extend more than $10 trillion in loans.

About the ABA Foundation

Through its leadership, partnerships, and national programs, ABA’s Community Engagement Foundation (dba ABA Foundation), a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.

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Blair Bernstein

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