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WASHINGTON (AP) - It might be a hard sell to a kids daydreaming about prom, summer vacation or hanging with friends, but Federal Reserve Chairman Ben Bernanke tried anyway: Take time to learn how to handle money.
"Although financial matters are probably not at the front of your minds today, the day will come when you will be responsible for managing your own or your family's budget or when you find that you need to save to get the things you want — a college education, a new car or even your own home," Bernanke said Wednesday in remarks prepared for students at Wilson Senior High School.
An explosion of financial products means that people have to be increasingly more financially sophisticated, he pointed out. That also means students need to understand the fundamentals of budgeting, banking, saving and investment, Bernanke said.
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