Financial literacy

www.irs.gov

  In light of Financial Literacy Month and with this year’s tax deadline quickly approaching, Attorney General Eric Schneiderman offered New Yorkers some advice on how to avoid tax prep scams.

Scott Willis / WAER News

Who knew day care costs so much?  You mean I have to buy insurance?  Oops, guess we can’t afford that new smart phone.  

Those were just some of the real-life financial lessons being learned Friday at Solvay High School at an event called Mad City.   Each student is given a packet with their assigned occupation, salary, and some debt.  they then visit the various “merchants” who sell food, cars, furniture, clothes, and so on.  Economics teacher Karen Harmon has helped lead the simulation since it started five years ago.