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).
Paul Dergarabedian, Senior Media Analyst at Comscore shares the ups and downs that hit box offices in 2024, and how "Glicked" helped end the year back on top.
Founder & CEO of Sustainable Skylines, Jacob Stonecipher, joins Cheddar to discuss how is company is bringing intelligent drone-based advertising to our coasts.
With a ban on the horizon, Frank McCourt, Founder of Project Liberty, wants to purchase TikTok and put people in control of their digital identities and data.
Angie Hicks, Co-Founder at Angi, gives tips to avoid blowing your fuse while decking the halls, plus, winterization preparations you may have forgotten!
Matt Durot, Senior Reporter at Forbes, joins Cheddar to unpack all things Elon Musk including his soaring wealth, relationship to Trump and if he has a will.
