Teaching kids about money pays off
Courtney Parrott
Special to the Bulletin
Many kids receive little or no money management instruction, but having parents and other caregivers teach them basic financial literacy would go a long way toward improving that situation, said a Texas A&M AgriLife Extension Service family economics specialist.
“Children aren’t born with money sense, so they need parents, educators, caregivers and other adults to help them learn how to properly manage money,” said Angela McCorkle with the agency’s Family and Community Health Unit. “The ability for children to learn how to properly use money is something that will benefit them throughout their entire adult life.”
EAST ST. LOUIS – Mascoutah dentist Erik Taube failed to make a case that he can sue the Hartford insurance organization over a subsidiary’s denial of coverage for lockdown losses, Chief U.S. District Judge Nancy Rosenstengel ruled on Feb. 18.
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The Hartford Financial Services Group said its fourth-quarter profits fell about 2% as result of negative impacts of the pandemic on its group life insurance business.
For the October through December period, the property-casualty insurer posted net income of $532 million, or $1.47 per diluted share, down from $543 million or $1.49 per diluted share in the fourth quarter of 2019.
Results exceeded Wall Street expectations, according to Zacks Investment Research, whose analysts predicted earnings of $1.31 per share.
For the year, net income was reported at $1.7 billion, down 17% from the $2.1 billion posted for 2019.
“Our businesses showed strong performance in a challenging year as the benefit of strategic priorities were evident in our results. As we manage through the pandemic, continued execution on our initiatives will generate further improvement in results and enhance value for all of our stakeholders.” said Chairman and CEO Christopher Swift.