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).
It might feel like the artificial intelligence train has left the station, but there are still opportunities to get in before the boom gets even bigger.
Nevada’s Supreme Court upheld the state’s ban on ghost guns Thursday, overturning a lower court’s ruling that had sided with a gun manufacturer’s argument the 2021 law regulating firearm parts with no serial numbers was unconstitutionally vague.
