Helping young students develop financial literacy

Bank of America Delaware market president Chip Rossi participated in Teach Children to Save Day, teaching a savings lesson to third and fourth graders at New Castle Elementary School.

During the week of April 25, over 250 volunteers from banks including Bank of America, Capital One and TD Bank taught nearly 7,200 students in over 65 public, private, and parochial schools, throughout Delaware. Over 90 percent of Delaware’s banks participate in the event, the highest participation rate in the nation. Bank of America volunteers led the way with the highest number of volunteers for this popular day of financial literacy.

Bankers visit classrooms across the state to teach a lesson on saving and wise uses of money. Each year the governor signs a proclamation at an elementary school declaring the entire week, Teach Children to Save Week.

To help make financial lives better, the bank is committed to giving young people around the world the aspirations, the skills and the confidence to make the most of opportunities available to them.

Mr. Rossi leads Bank of America’s civic and philanthropic efforts for Delaware and reaffirmed the bank’s emphasis on education with the donation of one of the bank’s buildings four years ago, which resulted in the creation of the Community Education Building.

Mr. Rossi is dedicated to educating future generations and preparing young people to lead productive lives in the workforce.

“To help students achieve financial security, I try to teach lifelong skills such as how to save for their future goals and learn to stay within their budget,” Rossi said. “I always tell students to follow three rules when in a work environment: be on time, do the job to the best of your ability and have a positive attitude.”

This event is just the latest in a number of financial education initiatives the bank supports in Delaware. For example, we partner locally with the Center for Economic Education & Entrepreneurship to support teachers with personal finance curriculum tools that are taught in many of Delaware’s high schools, and provide personal finance education to more than 600 University of Delaware freshman students annually. The bank also supports programs like Junior Achievement.

Teach Children to Save Day was first held in Delaware in 1998. It’s a part of a nationwide financial literacy effort that works to educate elementary school students throughout Delaware, while targeting those from low- to moderate-income communities, on the importance of saving as the basis for future financial security. Through the program, children are encouraged from a young age to develop the habits that will help ensure their future economic independence.


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