Citi CEO: Financial Literacy Crucial to Economic Confidence
*By Alisha Haridasani*
If Citigroup CEO Mike Corbat had it his way, school children would be learning finance alongside history, science, geography, and math.
“Years ago, they taught different courses in terms of finance in school. Today, you go to most schools and no one will tell you how to balance your bank account or what it’s like to fill out a loan application,” he said in an interview with Cheddar on Thursday.
The lack of elementary financial understanding at an early age leads to intimidation of the industry, said Corbat.
Only eight percent of U.S. millennials polled in a recent [survey](https://www.cnbc.com/2017/02/14/millennials-arent-as-smart-about-money-as-they-think.html) had a high level of financial know-how, and only 24 percent had a basic understanding.
“The sooner we can get people thinking about these things...the better,” said Corbat.
For the full interview, [click here](https://cheddar.com/videos/citi-ceo-talks-why-wall-street-matters-trade-tensions-and-immigration).
President Donald Trump has signed the GENIUS Act into law, setting new regulations for stablecoins, a type of cryptocurrency tied to assets like the U.S. dollar.
The switch from high-fructose corn syrup in Coke sold in the United States would put Coca-Cola in line with its practice in other countries, including Mexico.
Joe Spector, founder of Dutch and Hims & Hers co-founder, joins us to discuss how telehealth is transforming pet care—and what’s next for modern vet medicine.
Exclusive: Behr’s Andy Lopez reveals how ChatHUE, a bold collaboration with Google, is using AI to transform how we explore, choose, and connect with color.
