Video game to teach teens financial literacy

Taking advantage of the excessive amount of time teens spend playing video or online games, Capital One Financial Corporation, along with Junior Achievement, recently launched an online financial literacy game called JA Finance Park Virtual.

"JA Finance Park Virtual will help bring Junior Achievement's nationally recognized personal finance curriculum to more young people across the country in a way that's fun and inviting for them to learn,"  Carolyn Berkowitz, the vice president of Community Affairs at Capital One, said. "Capital One is proud to continue our long-standing partnership with Junior Achievement to help young people learn important financial skills critical for their economic success."

According to a recent Capital One survey, 56 percent of teens spend at least 30 minutes playing video or online games on average each day, with 18 percent spending over two hours a day gaming.

The survey also revealed that over half of the teens play games that are at least sometimes educational and that 76 percent of the teens said that education gaming is a great way for them to learn.

JA Finance Park Virtual introduces young people to personal financial planning and career exploration, giving them a glimpse of what it takes to be successful in the 21st century global marketplace.

"Finance Park has really changed the way my students think about creating budgets and savings plans," Lawrence Cousin, a teacher at Edison Middle School in Houston, said. "Understanding and using basic personal financial planning tools is so critical to the lifelong success and financial self-sufficiency of my students, and JA Finance Park Virtual has made those tools accessible and digestible for my students."

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