For example, in 2010, I spoke at the opening of the Junior Achievement Finance Park in Fairfax, Virginia.2 This organization, as well as similar facilities throughout the country, allows students to play the role of a family head with financial challenges and opportunities, giving them a chance to practice financial decisionmaking in a realistic setting.
Students and their parents can become financially literate together through exercises such as intergenerational homework assignments, which reinforce the concepts taught in class. Such strategies allow educators to help adults who until then may not have been exposed to financial concepts. To provide the most effective education, curriculums should also have clear standards and goals.