Q&A with Darlene Goins, head of Wells Fargo Hands on Banking
Wells Fargo’s Hands on Banking® program has a new website, improved features, expanded resources, and a shift in focus from financial education to financial capability. We asked Darlene Goins, head of the program, to explain the reasons behind the changes.
Q: What makes the Hands on Banking financial education program unique?
On the eve of the Canadian Foundation for Economic Education (CFEE) initiative called Talk With Our Kids About Money Day, they and 29 other teams from Hilltop and from Burlington’s St. Gabriel Catholic Elementary School gathered at the competition to share projects about the value of money. It comes at a crucial juncture for financial literacy among young Canadians.
Whether you accessed this website via computer, tablet, or phone, you probably already have some inkling of how much technology has come to shape our day to day lives. Most of us rely on technology as an integral part of our routine, from getting directions to streaming favorite music to managing our finances.
A wealth of information
The implications of this technological shift are familiar territory for Anna Iemma-Bonanno, a project manager at Scotiabank who has been working to envision how the bank of the future will serve its customers.
According to the United Nations Population Fund, there are over 1.8 billion young people in the world today — more than at any other time in history. These young people will grow up to become the leaders, employees and community members of tomorrow, so it’s essential for us to equip them for success now if we hope for them to contribute in the future.
T. Rowe Price recently released the survey – Parents, Kids, & Money, which surveyed more than 1,000 parents as well as their children between the ages of 8 to 14. This survey revealed that most parents actually want to overextend their money and spending in order to get their children what they want for gifts and holiday presents.
Parents, Kids & Money Survey Finds That Parents Spent an Average of $422 per Child and 25% of Parents Have Been Financially Naughty to Fund Holiday Spending
November 2, 2016 /3BL Media/ - T. Rowe Price’s Parents, Kids & Money Survey, which sampled more than 1,000 parents and their 8 to 14 year old kids in February 2016, revealed that many parents are willing to overextend their finances to fulfill their kids’ holiday wish lists. And 25% of parents have either taken from their 401(k)s or their emergency funds or taken a payday loan to cover holiday spending.