Reader comments: Teaching kids to save: Economic trends make money-management skills very important
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Earl | 10:48 a.m. April 30, 2008
Unfortunately, teaching kids to save probably won't translate into adults who save. It doesn't take long for an adult to see that saving money in a bank earns less than 2% per year, while borrowing at extrememly low rates to invest in the next economic bubble could bring him or her a net return of many times that. Borrowing and investing in bubbles is where it's at these days, at least until a major correction kicks in. The value of the dollar is declining at such a fast rate that it makes no sense to hang on to cash.
Sam X renick | 9:36 a.m. May 11, 2008
There are lots of reasons to save that don't have anything to do with interest rates - like being prepared and achieving goals. Although we can't guarantee outcomes, we definitely need to point kids in the right direction. Congratulations to Suzanne and all those who are making efforts to do so.
Sam X Renick
Author, Founder
The It's a Habit! Company, Inc.
"Changing Children & Family Lives One Habit & Dime at a Time!"
Sam X Renick
Author, Founder
The It's a Habit! Company, Inc.
"Changing Children & Family Lives One Habit & Dime at a Time!"
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