*Media Advisory* St. Louis Fed Teaches Area Children to Save

DATE:  Week of April 26, 2010                              

EVENT: “Teach Children to Save Day,” in which volunteers from the Federal Reserve Bank of St. Louis and various financial institutions visit St. Louis-area elementary schools to conduct a 45-minute lesson for the students on how to save money. Students will learn about earnings, how to save, and how to create a savings plan to reach a goal.

See below for specific dates, times and locations.

WHY: Americans have a very low rate of savings—remarkably low compared to other industrialized nations. This program is an effort to turn that around by educating young people about what is involved in being a smart consumer, which includes good savings habits. By starting early, educators can help build lasting habits and an understanding of money that may help the next generation avoid repeating the mistakes of this one.

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