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Bank of Hawaii Encourages Keiki to Save During National Financial Literacy Month

Thursday, April 28, 2011

HONOLULU, HAWAII – Bank of Hawaii volunteers took to the classrooms at Kalihi Elementary School today during an extension of the bank’s popular Teach Children to Save campaign. Volunteers coached students in kindergarten through fifth grade with presentations aimed to develop lifelong saving habits. In addition to interactive lessons on the importance of saving, students received a special visit from U.S. Sen. Daniel Akaka, a champion for financial literacy and a co-sponsor of a resolution to designate April 2011 as Financial Literacy Month.

Teach Children to Save is a national campaign that encourages financial literacy for children through age-appropriate lessons like The Sticker Store, Patty’s Pet Hamster, Money is Funny, Show Me the Money, and more. This year, 177 Bank of Hawaii volunteers have taught lessons to 2,837 students from 23 schools statewide.

Bank of Hawaii participated in National Teach Children to Save Day on April 15, 2011 with financial literacy lessons at several elementary schools across Oahu and the Big Island.

According to the “Teens Market in the US” report from Packaged Facts, teen spending is expected to surpass $200 billion in 2011. Unfortunately, the nearly 7,000 high school students who took the Jump$tart Coalition’s personal finance survey in 2008 correctly answered only 48.3 percent of the questions. This financial literacy score is a drop from the 52.4 percent from the 2006 survey. 
Teach Children to Save works to partner banks with students for lessons on the importance of saving. For more information on Teach Children to Save, visit www.teachchildrentosave.com.