Westchester high schoolers are gaining some much-needed financial literacy skills, including learning to balance budgets, build credit, pay for college, and save for retirement with lessons and insight from finance and banking experts.
Over 20 students from Roosevelt High School in Yonkers were invited to Patriot Bank’s Scarsdale branch for “A Day of Financial Literacy and Bank Career Mentoring” as part of national nonprofit Junior Achievement’s Job Shadow Program to help young people plan for their futures.
Students received a tour of the bank, got to see a live demonstration of the latest interactive video live banker ITM machines, and participated in mock career interviews and a financial literacy presentation led by Patriot Bank Vice President/Branch Manager Kathleen M. Reilly.
Patriot Bank top executives including President Richard Muskus, Jr. and other leaders all pitched in to support the important learning initiative.
“Patriot Bank is focused on the important goal of increasing financial literacy for young people in the communities we serve’, said Patriot Bank President Richard Muskus, Jr. “In years past if you taught children to save their dollars and cents, the rest would follow, but now we are in a more complex world of debit and credit cards, spending on iTunes and Apple Pay, Venmo and costly annual cell phone plans. This program is about opening their eyes about how to successfully manage their financial lives and help create a fiscally strong future.”
“Exposure to real world decision making and career planning is so important for today’s young people. We are thrilled that our partners at Patriot Bank are joining us in a JA Job Shadow and teaching local students all about careers in finance and banking,” said Joseph A. Peri, President and CEO, Junior Achievement of New York.
“Educating younger generations on the most effective ways to manage money is so important,” said bank Vice President and Branch Manager Kathleen M. Reilly. “We want to set up young people for great success in the future. We are not just teaching them money management, we are teaching them how to succeed in a 21st century global digital economy.”