New York For the 16th consecutive year, Citi is providing young students across the country with basic financial education sessions as the bank supports American Bankers Association's (ABA) annual Teach Children to Save campaign.
The national program, designed to encourage young people to develop positive financial habits early in life, marks April 29 as Teach Children to Save Day to raise awareness of the importance of teaching children about saving. Beginning in March and continuing through June, hundreds of Citi volunteers will teach thousands of children in grades K-12 in classrooms and after-school programs and at financial education events in major cities across the country.
"Teach Children to Save is the banking industry's largest volunteer effort to encourage youth savings," said Citi's CEO of North America William Mills. "By visiting classrooms, youth centers, after-school programs and more, Citi employees use their real-world knowledge and professional skills to encourage kids to start young and save more."
"At Citi, we are committed to enabling progress in the communities we serve," said Will Howle, Head of U.S. Retail Banking at Citi. "We are thrilled to continue to provide our nation's young people with vital knowledge that helps them build positive financial habits."
"The need for financial education for children is critical," said Bob Annibale, Global Director of Citi Community Development and Inclusive Finance. "At Citi, we have a special opportunity to reach out to young people and leverage our expertise as financial professionals to prepare savers with the tools and knowledge to build strong financial futures and more resilient families."
To expand the benefits of Teach Children to Save, Citi is collaborating with First Book, a nonprofit that distributes books and educational resources to programs and schools across the United States. Through the partnership, Citi and First Book will enhance bankers' Teach Children to Save lessons at schools by supplementing presentations with financial education-themed books.
"Having access to books is one of the most significant indicators of a child's academic success," said Kyle Zimmer, president and CEO of First Book. "And by ensuring kids have books and other educational resources in their schools, programs and at home, we give them opportunities to continue reading and learning, which leads to improved outcomes later in life. We're proud to partner with Citi to reach students in many communities across the country."
"By introducing children to financial concepts at an early age, we better equip them to make smart financial decisions in the future," said Corey Carlisle, ABA Foundation executive director. "Through Teach Children to Save and the volunteer efforts of Citi and bankers across the country, we can shape the financial foundation for millions of children."
Citi began supporting American Bankers Association's annual Teach Children to Save campaign in 2001. Since then, more than 10,000 Citi volunteers have taught over 100,000 children from low-to-moderate income families in cities across the United States.
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