Next Gen Personal Finance

Sheila Bair, former chair of the FDIC,  discusses her career path, including her background as a civil rights attorney and her transition into financial services. Bair emphasizes the need for students to make informed choices about their education and careers, noting the potential income limitations associated with certain degrees. She advocates for a balanced approach, combining financial education with consumer protection regulations. The conversation delves into Bair's efforts to engage students through her children's book series, "Money Tales," offering tips for teachers to boost classroom engagement in financial topics. She underscores the importance of understanding banking systems, interest rates, and long-term financial choices. The discussion concludes with insights into Bair's passion for children's literature and her commitment to providing resources and opportunities for financial education, including free book readings for schools.