Video games and financial literacy may seem an odd pairing, but experts say gaming can be a great way for children to learn just about any skill — if done right.
is increasingly uncertain in a digital marketplace that seeks to exploit them at every turn, one financial advocacy group is fighting back with a new mobile game that will be tested in classrooms across the country this spring.
"What we wanted to do ... is really give kids the opportunity to experience situations that they otherwise wouldn't," said FoolProof's project lead Nick Muckerman.The as-yet untitled project encourages reflection and experimentation, a dimension missing from most financial literacy education, according to the game's developers.
According to a 2018 report from the Financial Industry Regulatory Authority, only 34% of people surveyed met a basic level of financial literacy, down from 42% in 2009. Young people were even worse off, with only 17% of respondents aged 18 to 34 able to answer at least four of six simple finance-related questions.
Though some critics have explained the numbers by pointing to depressed wages and the skyrocketing costs of things like college and healthcare, Remar Sutton, co-founder and chairman emeritus of the FoolProof Foundation, said a big part of the problem is students are not getting a square deal."Financial literacy in America and around the world is underwritten by the debt industry. Credit card companies. Banks." Sutton said.
"What we teach kids is that marketers should do what they're doing," he added. "It is the job of a cereal company to sell cereal. The job of the buyer is to question." "If those children are not taught to stop and think," Sutton said, "they're going to be prisoners of debt for the rest of their lives."Gaming: financial literacy's next hopechallenge: In the age of digital distraction, of TikTok and Candy Crush, how do you make saving money sexy?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The 20 Best-Selling Video Games Of 2019From FIFA 20 to Call of Duty: Modern Warfare 2019, here are the best-selling video games of 2019:
Read more »
Watch Rvssian, Shenseea, Swae Lee & Young Thug Build Their Dream Partner In 'IDKW' VideoRvssian teams with Shenseea, Swae Lee and Young Thug in the futuristic video for new single 'IDKW,' which dropped on Friday (Jan. 17).
Read more »
The Day Bieber Fever Was Born: Justin Bieber's Baby Turns 10A 15-year-old Canadian named Justin Bieber had attracted an audience and major-label attention with his YouTube videos, but the world didn't really know until he dropped his first single
Read more »
Best Coast & 'Vanderpump Rules' Cast Bring a Game Show to Life in 'Everything Has Changed' VideoBest Coast's Beth Cosentino brushes off past bullies' comments and wishes to live her best life in the rock duo's new single 'Everything Has Changed' out today (Jan. 17). But she doesn't look all that happy in the accompanying visual, where she plays a grumpy gameshow host with some familiar faces -- the cast of Vanderpump Rules.
Read more »
Watch the video that blew the lid off the Houston Astros pitch-stealing schemeA remarkable video from Jomboy Media clearly shows how the Houston Astros stole signs in a game against the Chicago White Sox in 2017.
Read more »
Half Of The Top 20 Best-Selling Video Games Of December Were Nintendo TitlesNintendo absolutely dominated December's best-selling games of December, 2019.
Read more »