One big problem is that we in general do not teach good money management in schools. Impoverished kids could at least be exposed to the principles of sound financial practices from K-12. What they actually get is maybe a few weeks of "personal finance" as a unit in a High School social studies or economics class. Too little, and too late.
All kinds of ways to do this. Younger kids could be shown how regular investment compounds over time using games that pay out the reward at the end of the school year. Older kids can do mock investments in mutual funds, etc.
All kinds of ways to do this. Younger kids could be shown how regular investment compounds over time using games that pay out the reward at the end of the school year. Older kids can do mock investments in mutual funds, etc.