Students learn financial literacy through state treasurer progra - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Students learn financial literacy through state treasurer program

HATTIESBURG, MS (WDAM) -

Mississippi's public school students have the opportunity to learn the importance of financial literacy through state treasurer Lynn Fitch's TEAM initiative.

Treasurer's Education About Money (TEAM) is an educational resource that teaches students about credit scores, insurance, credit cards, taxes, investing, 401Ks, savings, mortgages and college savings.

"They're our next workforce," Fitch said on a stop in Hattiesburg Tuesday to promote the program. "We've got to get them prepared for our next jobs to bring the industries in to grow our existing jobs, and so it's important that we start today teaching them the important life skill of personal finance."

Hattiesburg High School is one of 100 schools across the state that participated in the TEAM pilot program last year, and it will continue with the program for the 2014-15 school year.

"It's been a great success," said HHS principal Jermaine Brown. "We've partnered with Regions Bank here in Hattiesburg that was actually the sponsor of the program, so it's a win-win opportunity for our students."

TEAM is supported by private funds and is considered a public-private partnership that includes communities, businesses, nonprofits and educators, according to a news release from the state treasurer's office. It is not mandatory for schools to participate, but it is offered to schools wanting to participate.

Fitch said students who completed the lessons showed a 40 percent increase in financial literacy.

For more information on TEAM, contact TEAM@treasury.ms.gov or call (888)-308-1997

Copyright 2014 WDAM. All rights reserved.

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