Mad City Money a hands-on lesson in personal finance The Newark Advocate
Students in Thursday's class at the high school library were randomly assigned an occupation, salary, possibly a spouse and children, student loan payment, medical insurance and credit-card debt.
They had to buy essentials such as a house, car, utilities, furniture, clothing and food, extras such as entertainment and mall expenditures, plus deal with emergencies and try to save money.
It was the second year seniors in Sue Grindrod's government and economics class went through the exercise, with volunteer assistance from Fiberglas Federal Credit Union and Harvest Federal Credit Union employees.
"This year's class was tighter (with money)," Grindrod said. "They're hanging onto money more. They didn't want to part with it. There was a lot more concern about spending money."
One possible reason for the reaction is some seniors already have felt economic hardships in real life during the recent recession.
"Some kids said they have moved in with relatives,
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