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SNBT Educates Teens on Credit
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Area Bankers Celebrate
National Get Smart About Credit Day |
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Did you know that 84% of undergraduate students indicated they needed more education on financial management topics? In fact, 64% would have liked to receive information in high school, according to a 2009 survey by Sallie Mae. |
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In an effort to raise awareness about financial responsibilities in our youth, The Stephenson National Bank & Trust (SNBT) will celebrate the eighth annual National Get Smart About Credit Day on Thursday, October 21. On this day, employees from SNBT will join thousands of bankers across the country by visiting area high schools and sharing responsible credit practices. |
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“This economic crisis has taught us that financial literacy plays a significant role in helping our economy thrive,” said Charlie Cappaert, Vice President. “Get Smart About Credit Day aims to educate young people before they encounter car loans and credit cards – not the other way around. |
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“Poor money management is a major cause of bankruptcy,” continued Cappaert. “With growing numbers of youth using credit cards without financial education, now is a crucial time to get more involved in credit education.” |
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Get Smart About Credit Day began in 2003 and is sponsored by the American Bankers Association Education Foundation, a non-profit organization committed to developing and providing education programs that lead to financial literacy. |
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