Programs that promote economic understanding among Arkansas’ schoolchildren are not new, but they are proliferating as widespread financial illiteracy is recognized as a barrier to economic development.
Long a mission for nonprofit organizations like Junior Achievement and Economics Arkansas, teaching economics to youngsters right down to the kindergarten level has also become the job of state government, the Federal Reserve Bank, Arkansas Capital Corp. Group – even a summer camp.
“It’s not what you make; it’s how you manage what you make,” said Billy Britt, economic education specialist at the Little Rock branch of the Federal Reserve Bank of St. Louis. “And I think this is a lesson that we need to be developing in our children now. And this all goes with the entrepreneurial spirit.