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Finance Expert’s Books Teach Kids How to Be Smart About Money

During Sheila Bair's long career in finance, she was often struck by how many people were stymied by how money works. The former chair of the Federal Deposit Insurance Corp., Bair thought, Why not teach them economic principles while they’re still kids, so the world of finance might seem less intimidating as they grow into adults?

That was some 20 years ago. Bair — among the earliest to warn about subprime loans before the crash of the late 2000s — went on to write her first picture book, Rock, Brock, and the Savings Shock, about a grandfather setting up a savings plan for his twin grandsons. He says he’ll pay them a dollar a week to do chores. If they save that dollar, he’ll double it every week — but if they spend it, they only get another dollar. Read more

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