Recently we learned that the Program for International Student Assessment exam, or PISA, ranked U.S. children as below average in math and average in science. Next year's PISA will feature a new section on financial literacy, perhaps another thing American children need to bone up on. We asked you: At what age should children learn financial literacy?
Denise in Lionshead, NJ texted:
"My seven-year-old gets a $10 per week allowance that we agreed to divide between spend save and share. If he wants something, he buys it himself. We'd be paying for it anyway. This way he makes the decision himself. The money in the savings account t is there just for the sake of saving. We are trying to teach him about electronic payments, and that it's real money to use a credit or debit card."