Thursday, December 4, 2008

McDonald's + Visa = Employer Based Financial Literacy

Looks like McDonald's and Visa are partnering to offer America's largest Employer-Based Financial Literacy Initiative. See article here.

The "McDonald's Practical Money Skills" program is based on Visa's "Practical Money Skills for Life" and is being offered to 500,000 restaurant level employees at McDonald's.

Steve Russell, Cheif People Officer, McDonald's USA said, "Providing information and educating our employees about the importance of financial responsibility has become increasingly important -- now more than ever."

Although I'm happy to see an employer take on the responsibility of personal finance training, I think it's sad that they have to "now more than ever".

I'd love to see more High Schools or Colleges offering personal finance training like Dave Ramsey's Foundations in Personal Finance.

Or, maybe it's not even the school's responsibility. Maybe it's a parent's responsibility to train their children in personal finance. Dave has tools to help.

Churches can help too. Here at GCC, we offer Financial Peace University twice a year. Our next session will be February 23. You can sign up here.

For now, kudos to McDonald's. Maybe other businesses will follow their lead. Dave has plenty of tools to help.

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