Title: Not Your Parents Money Book: Making, Saving, and Spending Your Own Money
Author: Jean Chatzky
Publisher: Simon & Schuster Books for Young Readers
Concepts: jobs, savings, banks, interest, money, recession, unemployment, inflation, spending
Review: The financial crisis that dragged the U.S. economy into a deep recession and had spillover effects around the world continues to dominate the headlines. Much debate has focused on finding ways to reduce the damage today and prevent a similar meltdown from happening in the future. Empowering our youth with financial literacy constitutes an important strategy that has begun to receive attention in the media.
In explaining concepts like recession, unemployment, and debt in engaging and clear terms, Not Your Parents’ Money Book fills this niche and helps young readers gain more familiarity with their own roles as savers, consumers, and workers. Added to the mix are some humorous vignettes to keep the readers’ attention, such as the life span of the germs that pass from people to dollar bills, and the incidence of and punishment for counterfeiting money.
In writing this book, author Jean Chatzky, the financial editor for the Today Show and frequent contributor to other talk shows and media sources, drew on her expertise in personal finance as well as research from a series of focus group interviews with middle school students. The result is an easy-to-read crash course in economics and finance that will encourage readers to become savvier consumers and more informed about the economic world around them.
Review by: Rutgers University Project on Economics and Children