High School Students Participate in Interactive Financial Literacy Simulation
Mad City Money, a financial literacy simulation, gives teens a taste of the real world - complete with occupation, children, salary, spouse, student loan debt, credit card debt, and medical insurance payments.
High-school students from Hutchinson Career & Technical Education Academy participated in the simulation that was sponsored and administered by Heartland Credit Union. The simulation was held twice with 30 students in each session with a goal of providing a valuable real-world experience to high school students before they enter the next stage in their life.
Students have the freedom to operate their budget however they’d like, providing opportunities to discover the consequences and advantages of mishandling or handling a budget well.
“Financial literacy for teens is important. As a financial institution, it’s crucial for us to be involved in the financial education of teens before they enter the next stage of their life,” said Stephanie Dreiling, Education Specialist for Heartland Credit Union. “We were thrilled to bring a realistic financial literacy program to our local high school students and look forward to many more in our communities.”
Mad City Money, developed and offered by Credit Union National Association, is approved as a financial education resource for students by the Jump$tart Coalition Clearinghouse, based on the National Standards in K-12 Personal Finance Education.
The simulation had over 20 volunteers from HCU that orchestrated the event. Representatives from Hutchinson Career & Technical Education Academy and the Kansas Credit Union Association were present.