Teaching Children Financial Responsibility

Classical 89 Thinking Aloud Interview: http://www.classical89.org/thinkingaloud/past.asp?d=4/25/2008 These days it seems we're all watching stock prices and interest rates rise and fall, and getting a little anxious about retirement funds. This year alone, the price of gas hit an all time high, the U.S. Labor Department reported employers slashing nearly 80,000 jobs on fears of a recession, and many Americans fell into the mortgage crisis. For the first time, Federal Reserve Chairman Ben Bernanke recently acknowledged that the country could be heading toward a recession. No wonder financial managers say you can't be too young to learn financial responsibility. On today's Thinking Aloud, we're talking to financial advisor and BYU faculty member Scott Marsh on how, and when, to teach children about money management.