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JA Armenia and HSBC drive youth financial literacy Education in Arme

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  • JA Armenia and HSBC drive youth financial literacy Education in Arme

    Junior Achievement of Armenia
    1102 N. Brand #61
    Glendale, CA 91202
    Tel: 818-753-4997
    Fax: 818-753-4997
    Email: Anahit Manukyan
    Web: http://www.jaarmenia.org/


    JA Armenia and HSBC drive youth financial literacy Education in
    Armenian Schools

    HSBC/JA Armenia partnership teaches young people critical
    money-management skills.


    Yerevan, Armenia, November 6, 2014 -HSBC and JA Armenia are partnering
    again to bring the innovative JA More than Money® program to more than
    2250 local students across 75 schools. This collaboration effectively
    equips children between the ages of 7 and 11 with critical financial
    literacy skills they will need to make informed decisions about money
    management in the future.

    The HSBC Global Initiative, now in its sixth year, has contributed an
    additional $1.5 million in the 2013-2014 school year for the sponsorship
    and implementation of the program through 34 JA operations across 31
    countries around the world. Over the past five years, more than 319,000
    young people around the world and have received relevant financial
    education through 5,200 dedicated HSBC volunteers.

    JA More than Moneyteaches young people about money basics - earning,
    spending, saving, investing and donating, as well as businesses they can
    start and jobs they can perform. It provides engaging, academically
    enriching, and experiential-learning sessions, featuring interactive
    volunteer-led business and community games that help young people learn the
    significance of money management.

    `HSBC's focus on education is about investing in the future of young
    people, said Thies Clemenz, HSBC Armenia Executive. We recognize the
    importance of early financial literacy education and are committed to
    working with JA to provide children both the skills and the tools they will
    need to make informed money management decisions.'

    Program evaluation results have shown conclusively that the student
    participants between the ages of 7-11 demonstrated significantly greater
    knowledge and retention of financial concepts, compared to their
    non-participating peers, and showed behavioural and attitudinal changes
    toward saving and earning money as well as managing their own businesses.

    `JA More than Moneyfuels our ability to address the critical need for
    young people to build life skills through financial education, said Armine
    Hovannisian, JA Armenia Executive Director. The program offers children an
    introduction to money management and initiates the start of a healthy
    relationship with money to lead to successful economic development.'



    From: Emil Lazarian | Ararat NewsPress
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