UC hosts Market Madness program, educates kids on finances

by Shelton on May 29th, 2014

filed under Finances

Sixth-graders Laura Howard and Arianna Jackson described their experiences as “really cool” and “interesting.”

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As part of the program 700 students, grades third through sixth, got an opportunity to manage money, products and positions.

I was a manager and so I ran my own business with rubber bands, and so that sold a lot of business. Well, some people ended up trying to steal them, but we chased them down. Thats how big they were,” Jackson said.

Jackson’s rubber bands were not the only popular products at the program. Reds key chains were so popular they sold out. Teacher Donna Quatromani was surprised by how early the key chains flew off the shelves.

We did sell out; even before the reduced price time came. And $50 is a pretty good amount to ask for one item. And we have people who come back every year to buy them,” Quatromani said.

You might be surprised to learn that the Tri State ranks pretty low in financial literacy and the application of those finances.

Administrators at UC said the time to change that is now.

Director of the UC Economics Center Julie Heath said the earlier the better.

Its not going to happen unless we start with kids like this, because financial literacy isnt a vocabulary list, Heath said.

In fact, Heath said, for these children financial literacy is about learning how to make good decisions. Its a combination of action and application.

Heath has a big goal in mind when planning for next year’s event.

If we could have a panel of those famous entrepreneurs, Cincinnati owners and risk takers and have them judge these kids,” Heath said.

The call to action has been made and these kids are hoping tri state entrepreneurs will answer.


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