Memphis Local, Sports, Business & Food News | Daily Memphian | Douglas Scarboro

Guest column: St. Louis Fed supports understanding role of race in economic hardship

Douglas.G.Scarboro@stls.frb.org (Douglas Scarboro) — Sun, 22 May 2022 04:00:15 -0500

“... women of color on average possess significantly less wealth than white men and women alike, the St. Louis Fed analysis finds.”

Opinion: Teach kids early how to spend, save and donate

Douglas.G.Scarboro@stls.frb.org (Douglas Scarboro) — Wed, 14 Apr 2021 04:00:11 -0500

With April recognized as Financial Literacy Month, now is the time to elevate its importance and prepare young people for their financial futures. This is not a monthlong effort. It’s a lifelong effort.

Financial Literacy Month is different this year

Douglas.G.Scarboro@stls.frb.org (Douglas Scarboro) — Fri, 24 Apr 2020 04:00:01 -0500

It’s not necessary to tell kids how much you make, but you can explain how you work to earn an income, how circumstances might change the amount you earn, and how you have to make choices about how to spend that limited income.

Six lessons on financial literacy

Douglas.G.Scarboro@stls.frb.org (Douglas Scarboro) — Sat, 11 May 2019 04:00:00 -0500

Children may witness an adult paying for most items with a credit card or a mobile phone service without recognizing this as money spent. And often children don’t connect your work with income; they may not realize that adults work and are paid for that work.