Page 7 - Lynette Cox News Today : Breaking News, Live Updates & Top Stories | Vimarsana

One family at a time and when families are healthy, when they can make good economic decisions, when nobody is tricking and trapping them into spending more on credit and getting into crazy credit card arrangements and getting into crazy mortgages, then those families will be stronger and ultimately our economy as a whole will be stronger." you agree, lynette, this is leading into a stronger, broader economy? >> i think it will definitely help. there is no question consumers need to be more informed and also they do need certain protections. part of what the consumer protection bureau is desig...

what it all means for you. we're watching our wallets this morning. we'll show you how to score a real bargain on everything from furniture to fashion and high-tech gadgets. "money" magazine out with its annual listing of the to. places to live, from the top earnings towns and the most affordable towns. a show that saves you money starts right now. it is finally here. the wall street reform bill in response to the financial crisis that shook this country. it aims to protect you,en t eth consumer. jack otter the executive editor of moneywatch.com. rick newman is the chief busine...

And the state average with the help of teachers like connie moran. >> good morning. >> reporter: named teacher of the year by the national foundation for teaching entrepreneurship in 2007. >> ever since i've listened to her in class i heard her say invest in your money. invest your money, now i'm going to listen to her. >> reporter: christine romans, cnn. >> great story. if you're not lucky enough to have a school like ariel in your neighborhood, how do you make sure your kids learn these money lessons? lynette cox is the author of "the millionaires' kids club." glad you're here. >> great to...

good morning, everyone. you know financial literacy is critical. how did you first learn thousand manage money? through your parents, through your teachers, or through trial and costly errors? well, in a recent survey by the national foundation for credit counseling, only 6% of people polled say they learned about personal finance in school. just 6%. and that, some say, is the problem with financial literacy in this country. cnn's christine romans found one school on chicago's south side that is trying to change that. >> reporter: meet america's future investment bankers and accounta...

>> it was scary for me because i worked two jobs, i don't have a lot of money, and that left me with very little access to emergency fundage if needed. >> reporter: consumer experts say the card act does level the playing field. >> there are unequivocal wins for consumers in the new credit card legislation. >> reporter: it's estimated consumers will save at least $10 billion a year because of the new law. but for kathleen, this is one relationship that's already soured. >> i'm just paying them down, and i won't use those companies again. >> well, credit card reform is here. so what does it mea...