The secret to higher credit scores: Start in kindergarten How to create savvy consumers who are less likely to take on debt and more prone to saving? Some consumer groups say the key is to start young, very young. That was the main message from a council tasked with coming up with ideas for improving the financial habits of young consumers. The group presented the recommendations to the White House and Treasury Department on Tuesday. Teaching children about money as early as kindergarten topped the list. Helping people open bank accounts and manage money as soon as they start earning cash might also help to lock in good financial habits, the council found. And young people need to be better educated about their options before they go to college and start taking out student loans, the group said. Read the complete article in the Washington Post here.My friend Director Richard Corday stands here with President Barack Obama, encouraging consumer engagement in their own financial lives. The President's Advisory Council on Financial Capability for Young Americans issued its Final Report this week to the President, a Council that both Director Cordray and I both serve on. A special thanks to John Rogers, Chairman of the Council, and Chairman of Ariel Management. Below is a story on the Council's recommendations and work, as reported by the Washington Post.