>> Ted: NEXT ON ARIZONA, SOME U.S.

HOSPITALS ARE STRUGGLING TO FIND CHEMOTHERAPY THEORY DRUGS AMID A DRUG SHORTAGE.

AND COGNITIVE ISSUES AND REGAINING MEMORIES.

REGAINING FINANCIAL LITERACY AMONG YOUNG PEOPLE.

THOSE STORIES AND MORE IS NEXT ON "ARIZONA HORIZON."

GOOD EVENING AND WELCOME TO "ARIZONA HORIZON."

I'M TED SIMON S. FORMER PRESIDENT TRUMP FEDERAL TRIAL ON CHARGES TO OVERTURN THE 2020 ELECTION WILL BEGIN ON MARCH 4th.

THE DATE WAS SET TODAY BY THE TRIAL JUDGE.

TRUMP'S ATTORNEYS WANTED TO PUSH THAT START DATE OFF UNTIL 2026, BUT THE JUDGE DIDN'T GO FOR IT.

THE DECISION COULD PUT THIS TRIAL INTO CONFLICT WITH THREE OTHER TRIALS INVOLVING TRUMP.

THE DISTRICT ATTORNEY IN FULTON COUNTY GEORGIA LOOKED AT MARCH 4th AS A START DATE FOR THAT TRIAL AS ELECTION TAMPERING CHARGES EAR HUSH MONEY CHARGES TO A PORN ACTRESS, THAT TO SET ON MARCH 25th.

>>> AUTHORITIES ARE INVESTIGATING SATURDAY'S FATAL SHOOTING OF THREE PEOPLE IN JACKSONVILLE FLORIDA AS A HATE CRIME.

THE SHOOTER WAS A 21-YEAR-OLD WHITE MAN APPEARED TO TARGET BLACK SHOPPERS AT A TARGET STORE KILLING TWO.

THE GUNMAN THEN KILLED HIMSELF WHEN THE AUTHORITIES ARRIVED.

THERE ARE REPORTS THE GUNMAN WAS CHASED AWAY FROM A BLACK COLLEGE MINUTES BEFORE THE SHOOTING.

HERE IS THE MAYOR.

>> HE HATED BLACKS AND I THINK HE HATED JUST ABOUT EVERYONE THAT WASN'T WHITE.

HE MADE THAT VERY CLEAR.

>> IT DOES SHINE A VERY BRIGHT LIGHT ON WHAT WE'RE DEALING WITH IN OUR COMMUNITY AND IN OUR IN OUR STATE AND COUNTRY.

IF WE CAN SHINE A LIGHT ON THE RACISM THAT DOES EXISTS AND STRUCTURALLY IN OUR COUNTRY, WE CAN BEGIN TO DEAL WITH I.

MY HOPE IS WE WILL COMMUNITY TO BETTER UNITY OUT OF LISTENING AND UNDERSTANDING.

>> Ted: THE GUNMAN PURCHASED THESE TWO WEAPONS USED IN SHOOTING IN APRIL AND JUNE.

HE HAD BEEN HELD FOR A PSYCHIATRIC EVALUATION IN 2017.

>>> A HEALTH NOTE, A STUDY THE BRAINS OF ATHLETES WHO DIED BEFORE REACHING THE AGE OF 30 FINDS 20% HAD SIGNS OF CTE OR BRAIN INJURY.

MOST ATHLETES WERE AMATEURS ON YOUTH, OR COLLEGE TEAMS.

THE YOUNGEST PERSON WITH CT ETCH WASCTE WASA 17-YEAR-OLD FOOTBALL PLAYER AND THE FIRST WOMAN WAS A 20-YEAR-OLD SOCCER PLAYER.

CTE MAY BE MORE PREVALENT THAN PREVIOUSLY BELIEVED, ESPECIALLY IN AMATEUR ATHLETES.

>>> MANY HOSPITALS AROUND THE COUNTRY ARE STRUGGLING TO FIND LIFE-SAVING MEDICATION AMID A DRUG SHORTAGE.

ONE IN THREE HOSPITALS HAVE HAD TO SKIP OR DELAY TREATMENTS AS THE SHORTAGE HAS ESCALATED.

WE HAVE JEFF BETCHER WITH THE MAYO CLINIC.

WELCOME.

>> THANK YOU FOR HAVING ME.

>> Ted: ESCALATING NATIONWIDE DRUG SHORTAGE, WHAT'S GOING ON HERE?

>> IT'S BEEN CHALLENGING FOR PATIENTS AND HEALTHCARE SYSTEMS ALIKE.

THERE ARE OVER 300 SHORTAGE SHORTAGES300 DRUGSHORTAGES IN QUARTER ONE AND THE LAST TIME WE SAW THIS WAS 2011.

MANY DRUG SHORTAGES IN THE PAST WERE SHORT BURSTS AND THIN IT THEN IT WOULD RESOLVE.

>> Ted: WHY ISN'T IT RESOLVE.

>> THE CHALLENGE THAT WE TEND TO HAVE NOW IS THAT MANY MANUFACTURERS OF THESE DRUGS, MOST ARE GENETIC DRUGS, AND THEN GENETIC INJECTABLE AND SOME PLANTS ARE REQUIRING UPGRADES, UPDATES AND IF THE F.D.A.

CAN FIND THERE ARE ISSUES IN SOME OF THESE PLANTS AND TEMPORARILY SHUT DOWN AND NOT A LOT OF CAPACITY OUT THERE WHEN MANY OF THESE MANUFACTURERS -- FOR MANY OF THESE DRUGS, THERE ARE ONLY TWO OR THREE MANUFACTURERS OUT THERE.

>> Ted: WAS THIS SUDDEN, A LONG-TIME COMING?

WHAT ARE YOU SEEING OUT THERE?

>> IT SEEMS TO BE FAIRLY SUDDEN AND PAIRING UP WITH NATURAL DISASTERS HERE AND THERE.

WE HAD HURRICANE MARIA IN 2017 THAT TOOK TOWN A MAJOR MAKER OF IV SOLUTIONS THAT WERE UTILIZED FOR PATIENTS TO BE REHYDRATED AND MOST RECENTLY IN ROCKY MOUNT IN NORTH CAROLINA.

THE PFIZER PLANT WHICH MAKES ABOUT 8% OF THE UNITED STATES' INJECTABLE DRUGS WAS HIT BY A TORNADO AND THAT SHUT DOWN THEIR WHOLESTALE AND MANUFACTURING FOR SOME TIME NOW.

>> Ted: IT SOUNDS LIKE MANY, IF NOT MOST DRUGS, MEDICATIONS, THEY'RE MADE IN THE U.S.?

>> MANY DRUGS ARE ACTUALLY MADE OUTSIDE OF THE U.S., UP TO 40% ARE MADE OUTSIDE OF U.S. WITH UP TO 80% OF RAW MATERIALS COMING IN FROM OVERSEAS.

>> Ted: WHY ARE NATURAL DISASTERS IN THE U.S. MAKING SUCH AN IMPACT IF THEY'RE OVERSEAS?

>> ABOUT 40% OF THE DRUG SHORTAGES WE SEE, WE DON'T HAVE A REASON AND ANOTHER 20% ARE SHORTAGES CAUSED BY MANUFACTURING ISSUING, SOME PLANTS ACROSS THE U.S. AND OVERSEAS SHUT DOWN.

THERE'S ANOTHER SUPPLY AND DEMAND PIECE.

WHEN WE HAVE A STRUGGLE SHORTAGE, MANY PEOPLE, WHAT DO WE DO?

WE WENT AND BUY TOILET PAPER.

SAME THING WITH DRUGS.

IF THERE'S A SHORTAGE, PHARMACIES CREATE AN ARTIFICIAL SHORTAGE.

>> Ted: WE'RE TALKING CHEMOTHERAPY DRUGS, ANTIBIOTICS AND THIS IS IMPORTANT STUFF.

>> VERY IMPORTANT STUFF AND YOU HIT ON TWO OF THE KEY ONES.

CANCER DRUGS ARE THE MOST CONCERNING RIGHT NOW.

THESE ARE DRUGS THAT PEOPLE, THERE ARE NOT A LOT OF AVAILABLE TREATMENTS OF CANCER THERAPY.

WHEN WE HAVE DRUGS THAT WORK BUT THEY'RE NOT AVAILABLE, THAT CAN BE CHALLENGING.

NOW WHAT MOST HOSPITALS ARE DOING RIGHT NOW IS TEAMS OF PHARMACISTS IN ADDITION TO THEIR PURCHASING SUPPLY CHAIN AND THE MEDICAL STAFF WORKING CLOSELY TOGETHER RIGHT NOW AT MAYO CLINIC TO PLAN FOR THESE DRUG SHORTAGES THAT WE HEAR ABOUT THEM AND TRYING TO GET TO THE BOTTOM OF WHAT IS THE CAUSE AND FIND THIS OUT AND TRYING TO MITIGATE THE PROCESS AND OFFER ALTERNATIVES, BUT ALSO DEVELOPING PRESCRIBING GUIDELINES TO HELP OUR PHYSICIANS WHEN IT COMES TIME FOR, WHAT ARE THOSE ALTERNATIVES AND HOW SHOULD WE HAVE THESE MEDICATIONS AVAILABLE FOR THOSE WHO MOST NEED THEM?

>> Ted: A RECENT STUDY SHOWING ONE IN THREE HOSPITALS SKIPPING OR DELAYING TREATMENTS BECAUSE OF IN.

THIS.

DOES THAT SOUND TRUE TO YOU?

>> SOUNDS PRETTY TRUE.

WE TREAT THE SERIOUS AND COMPLEX PATIENTS, WE TAKE GREAT PRIDE IN MAKING SURE WE HAVE A COLLABORATIVE EFFORT TO MINIMIZE THE PATIENTS.

HAVING THE RIGHT DRUG AT THE RIGHT TIME FOR THE RIGHT PATIENT.

>> Ted: I UNDERSTAND WHAT PHARMACIST GROUP IS DIVERSIFYING WHERE THESE THINGS ARE MADE, HOW THESE THINGS ARE DISTRIBUTED, THE SUPPLY CHAIN.

THERE NEEDS TO BE MORE DIVERSITY.

DOES THAT MAKE SENSE TO YOU?

>> THAT MAKES A LOT OF SENSE.

THE AMERICAN SOCIETY OF HEALTH IS ONE OF THEM AND THEN THERE'S THE END DRUG SHORTAGE ALLIANCE THAT WE'RE PARTNERING WITH TO TRY TO ELIMINATE THESE DRUG SHORTAGES.

WE'LL NEVER ELIMINATE THEM AND ALSO SOME RISK BECAUSE IT'S SO CHALLENGING TO MAKE DRUGS.

THE F.D.A.

IS A VERY CHALLENGING ORGANIZATION AND KEEPS US AT THE TOP OF OUR GAME.

>> Ted: IS IT SOMETHING YOU THINK CONGRESS SHOULD STEP IN AND DO?

>> I THINK CONGRESS NEEDS INTO TO GET INVOLVED WITH POLICY CHANGE AND MORE DRUGS MADE IN THE U.S. AND MORE RAW MATERIALS IN THE U.S., AS WELL.

>> Ted: OBVIOUSLY, IT'S NOT GOOD RIGHT NOW AND AN ESCALATING SITUATION.

ARE THINGS GOING TO EASE?

CAN YOU SEE ANY EASING ANYTIME SOON IN.

>> I WISH?

>> I WISH I COULD SAY I SEE HOPE IN THE NEAR FUTURE.

I THINK THE PFIZER PLANT DEVASTATED BY THE TORNADO A MONTH AGO TODAY, IT HAS GOING TO PERPETUATE THE DRUG SHORTAGES.

I THINK THE BETTER PIECES, THERE ARE A LOT OF TACTICS IN PLACE RIGHT NOW WITH HOSPITALS WORKING WITH THE GROUP PURCHASING ORGANIZATIONS, WITH THE DRUG DISTRIBUTERS AND MANUFACTURERS TO AVOID HOARDING DRUGS.

WHEN THERE IS A SHORTAGE, LET'S TRY TO KEEP ON WITH NORMAL PURCHASING VOLUMES AND ALLOCATIONS TO PREVENT THAT AND WORKING WITH THE MANUFACTURERS AND CONGRESS TO PASS SOME LAWS THAT MAKE THINGS MORE TRANSPARENT SO THAT WE KNOW, WHAT IS THE CAUSE BEHIND THESE AND GET TO THE BOTTOM OF IT.

>> Ted: THANK YOU SO MUCH FOR JOINING US.

WE APPRECIATE IT.

>> THANK YOU SO MUCH.

>> Ted: UP NEXT ON ARIZONA HORIZON, HOW THE STUDY OF BRAIN WAVES COULD HELP THOSE WITH COGNITIVE ISSUES REGAIN MEMORY.

>> UNIVERSITY OF ARIZONA RESEARCHERS FOUND A CONNECTION BETWEEN BRAIN WAVES AND MEMORY IN A WAY THAT OPENS THE POSSIBILITY FOR THOSE WITH COGNITIVE ISSUES TO REGAIN THEIR MEMORY.

THE RESULTS OF THE STUDY COULD HELP TO TREAT PATIENTS WITH BRAIN DAMAGE AND COGNITIVE IMPAIRMENTS AS WELL AS SEIZURES, STROKE AND PARKINSON'S DISEASE.

FOR MORE ON THIS, WE WELCOME SARAH SEGER.

SHE'S THE LEAD RESEARCHER AT THE UNIVERSITY OF ARIZONA'S DEPARTMENT OF NEUROSIGN.

THANK YOU FORNEUROSCIENCE.THANK YOU FOR JOINING US.

WE'RE TALKING ABOUT RESEARCH THAT COULD HELP THOSE LITERALLY REGAIN THEIR MEMORIES, TRUE?

>> YES.

SO WE'RE TALKING ABOUT RESEARCH THAT COULD HELP US UNCOVER THE NETWORK THAT SORT OF IS RESPONSIBLE FOR DRIVING ACTIVITIES OF THE BRAIN THAT ALLOWS US TO ACCESS OUR MEMORY.

IF YOU UNDERSTAND THE NETWORK FOR MEMORY AND HOW THEY WORK, THEN WE CAN DESIGN THERAPIES THAT ARE SPECIFICALLY TARGETED TOWARDS ACTIVATING THOSE NETWORKS.

>> Ted: LOOKING OVER WHAT YOU'VE DONE FROM A LAYMAN'S ANGLE HERE, IT LOOKS LIKE OSCILLATIONS OF NEURONS IN THE BRAIN.

IS THAT KIND OF WHAT THE FOCUS IS?

>> YES.

SO THE MAIN QUESTION OF OUR STUDY, IT WAS AN AREA OF THE RAIN CALLED THE HIPACAMPUS.

WE KNOW THIS IS IMPORTANT TO NAVIGATE SPACE AND FROM THE PAST.

WHEN THERE'S DISRUPTION, WE CAN BE FORGETFUL WHAT HAPPENED IN THE PAST WE MIGHT GET LOST.

SO WE WANT TO UNDERSTAND WHAT EXACTLY IS IT THAT CAUSES THIS TO BE ACTIVE.

THESE ARE WHERE THE OSCILLATIONS COME INTO PLAY.

WHAT THESE OSCILLATIONS DO, THEY INFORM US OF WHEN HIPACAMPUS IS CONTRIBUTING INFORMATION TO THE RAIN.

WHEN WE SEE OSLAKES OSCILLATIONS THERE, WE KNOW IT'S CURRENTLY CONTRIBUTING INFORMATION TO OUR BRAIN AND OUR BEHAVIOR.

>> Ted: SO, BASICALLY, WHAT, WHEN WE -- AND I FIND THIS FASCINATING, WHEN YOU REMEMBER SOMETHING, THE OSCILLATIONS ARE EVERY BIT IF NOT MORE PRONOUNCED IF YOU'RE EXPERIENCING SOMETHING.

DID IT GET THAT RIGHT?

>> THAT'S WHAT WE FOUND IN OUR STUDY AND SO, YOU KNOW, AS WE GO ABOUT THE WORLD, WE SEE THINGS WITH OUR EYES HEAR THINGS AND ALL OF THIS MIGHT TRIGGER MEMORIES OF THE PAST.

IT'S NOT WHAT WE FOUND IN OUR STUDY OR SEEING THESE THINGS THAT CAUSES THESE OSCILLATIONS IN THIS AREA OF THE BRAIN, BUT IT'S THE PROCESS OF INTERNALLY DIRECTING OUR ATTENTION TOWARDS THESE MEMORIES THAT CAUSES THESE OSCILLATIONS TO EMERGE.

AND SO, THIS IS WHERE IT HAS IMPLICATIONS ON TREATMENTS THAT ARE AIMED AT SORT OF TARGETING NETWORK.

>> Ted: TALK TO US ABOUT HOW TREATMENT FOR COGNITIVE INABILITY ADDRESSED BY THIS.

>> SO WHEN YOU HAVE AN IMPAIRMENT IN A HIPACAMPUS, YOU MAY SEE DIFFERENCES AND IT'S IMPORTANT TO KNOW WHAT'S FUNCTIONING.

IF WE CAN KNOW WHAT DRIVES THREE THESE OSCILLATIONS TO EMERGE, WE CAN DESIGN INTERVENTIONSS THAT ARE TARGETED ACTIVATING THIS NETWORK.

SO SAY YOU HAVE A COGNITIVE EXERCISE WHERE YOU'RE WALKING AROUND AND YOU NEED TO PICK UP RED BALLS IN THE ENVIRONMENT.

THAT MIGHT BE SOME COGNITIVE EXERCISE TO DO.

ANOTHER THING TO DO IS PICTURE YOURSELF IN THAT ENVIRONMENT AND NOT ACTUALLY BE IN IT, BUT INTERNALLY IMAGINE YOURSELF THERE, MENTALLY PICTURE IT AND IN DOING THIS, IT'S ACTUALLY MUCH BETTER FOR THIS AREA OF THE BRAIN THAN PARTAKING IN THE ACTIVITY ITSELF.

AND SO, THAT IS A BIG STEP FORWARD IN UNDERSTANDING HOW WE MIGHT GO ABOUT DESIGNING THERAPIES THAT ARE DESIGNED TO IMPROVE THESE DEFICITS.

>> Ted: TALK ABOUT THE RESEARCH HERE, BECAUSE I UNDERSTAND THAT MAYBE WHAT LIKE, VIRTUAL REALITY OR SOMETHING AKIN TO VIRTUAL REALITY WAS USED?

>> YES.

SO THE HIPACAMPUS IS DEEP INTO THE BRAIN AND TO DETERMINE WHETHER IT'S ACTIVE OR NOT, WE NEED TO WORK WITH PATIENTS WHO HAVE BEEN SURGICALLY IMPLANTED WITH THIS FOR CLINICAL PURPOSES.

THEY ARE RESTRICTED TO TO A HOSPITAL BED.

WE HAVE A RESEARCH EXPERIMENT ON A LAPTOP WHERE THEY CAN USE A JOY STICK TO NAVIGATE AND THIS STIMULATES A REAL-LIFE EXPERIENCE AND MOVE AROUND AND EXPERIENCE THAT.

THIS IS TO STUDY HOW THESE REAL LIFE EXPERIENCES AFFECT THESE OSCILLATIONS IN THE BRAIN AND IN THIS PARTICULAR SETUP OF PATIENTS THAT WE WORK WITH.

>> Ted: DID THE RESULTS SURPRISE YOU?

>> SO THEY WERE SURPRISING IN SOME WAYS AND IN OTHER WAYS, THEY WEREN'T AS SURPRISING.

SO IT WAS VERY SURPRISING IN TERMS OF COMPARING THIS TO WHAT WE KNOW FROM OTHER SPECIES AND WE KNOW A LOT OF THE HIPACAMPUS FROM ROW DEN RODENTS AND RATS.

WE WOULD PREDICT IT'S THE ENVIRONMENT THAT TRIGGERS THESE OSCILLATIONS.

WE KNOW THAT THESE OSCILLATIONS CAN EXIST IN THE ABSENCE OF IT.

SO THERE WAS A LITTLE BIT OF HUMAN DATA SUGGESTING WE DON'T NEED IT.

BUT FOR, YOU KNOW, THE VAST MAJORITY OF RESEARCH, IF WE'RE COMPARING IT TO THAT, YES, THIS RESULT WAS DEFINITELY A SURPRISE.

>> Ted: AND LAST POINT ON THIS, BECAUSE YOU HEAR ABOUT THIS AND THE IDEA OF THE MEMORY MORE INTENSE THAN THE ACTUAL EXPERIENCE.

DOES IT MAKE EVOLUTIONARY SENSE FOR THAT TO OCCUR?

>> SO, I THINK THAT'S A GREAT QUESTION AND SO ONE THING TO DO IS OB OBVIOUSLY, REMEMBER THE PAST AS IT WAS AND ANOTHER THING WE CAN DO IS COMBINE DIFFERENT VARIATIONS OF THE PAST TO IMAGINE NEW EXPERIENCES IN THE FUTURE.

HAVE AN EVOLUTION PERSPECTIVE AND ENGAGING THIS AND ALLOWING THE FUNCTION IN INPUT, IT ALLOWS US TO IMAGINE THE FUTURE AND PREDICT THE FUTURE IN DETAIL FROM WHAT WE KNOW ABOUT THE PAST AND OUR PAST EXPERIENCES.

>> Ted: SOUNDS LIKE COGNITIVE THERAPY COULD GET A BIG BOOST OUT OF THIS.

SARAH SEGER, FREIGHT WORK AND THANK YOUGREAT WORK ANDTHANK YOU FOR SHARING IT WITH US.

>> THANK YOU, TED.

I APPRECIATE IT.

>> Ted: FINANCIAL LITERACY IS NOT SOMETHING MOST KIDS ARE TAUGHT AT SCHOOL, BUT A NEW SIMULATED PROGRAM IS GIVING KIDS A TASTE OF REAL WORLD SITUATIONS.

TO LEARN MORE, WE WELCOME RACHEL CABALLERO FROM TRU-WEST CREDIT UNION.

FIRST OF ALL, BEFORE WE GET TO THIS PROGRAM, THE STATE OF FINANCIALFINANCIAL LITERACY MOON AMONG YOUNG PEOPLE, WHAT ARE YOU SEEING?

>> WE SEE THE MISTAKES WE MADE AS CHILDREN WERE AND THE THINGS THAT WOULD HAVE BENEFITED US TO LEARN GOING INTO ADULTHOOD AND NOT A LOT IS BEING DONE TO HELP THAT.

WE ARE IN THE COMMUNITY, TEACHING YOUNG ADULTS DAY IN AND DAY OUT AND GIVING THEM THE EDUCATION TO MAKE THOSE FINANCIAL DECISIONS WHEN THEY'RE READY.

>> Ted: I SAW 32% OF TEENAGERS CAN'T TELL THE DIFFERENCE BETWEEN A CREDIT CARD OR DEBIT CARD.

DOES THAT RING TRUE TO YOU?

>> IT DOES.

WE ARE SEEING THOSE NUMBERS COME UP A LITTLE BIT, BUT AS OF RIGHT NOW, THEY'VE STAYED THE SAME, SO IT GIVES US A GOOD IDEA OF WHAT WE NEED TO FOCUS ON WHEN WE GO OUT THIS.

>> Ted: ONE MORE QUESTION, WHY ISN'T FINANCIAL LITERACY TAUGHT AT SCHOOLS?

>> I DON'T HAVE THE ANSWER TO THAT.

>> Ted: IS IT BECAUSE THEY ARE AFRAID TO STEP ON TOES AND I TEACH MY KID THAT, YOU DON'T TEACH MY KID THAT?

>> THEY'RE FOCUSED ON OTHER ASPECTS OF EDUCATION AND TO TAKE TIME AWAY FROM A CURRICULUM TO DELIVER THIS EDUCATION IS SOMETHING THEY MAY NOT SEE IMPORTANCE ON.

ARIZONA HAS A REQUIREMENT THAT TEENS HAVE TO TAKE A FINANCE CLASS.

THERE ARE A LOT OF ORGANIZATIONS LIKE ARIZONA COUNCIL AND ECONOMIC EDUCATION GO IN AND HELP THE TEACHERS DO THIS.

AT TRU-WEST, WE SPONSOR SEVERAL SYSTEMS WITH UNLIMITED RESOURCES FOR THE TEACHERS AND THE STUDENTS TO USE THIS.

IT'S UP TO THE TEACHER TO DECIDE HOW THEY WANT TO INTRODUCE THAT INTO THEIR CURRICULUM.

>> Ted: LET'S TALK ABOUT BITE OF REALITY, THIS FINANCIAL EDUCATION SIMULATION.

>> SO THEY GO IN AND ALL APP BASED FROM THE RICHARD MILES-JOHNSON FOUNDATION OUT OF CALIFORNIA AND PARTICIPANTS ARE GIVEN A PERSONA.

THEY LEARN WHAT THEIR JOB WILL BE AND HOW MUCH THEY'RE MAKING A JOB AND WHAT THEIR SPOUSE'S INCOME IS AND HOW MANY KIDS THEY HAVE.

THEY LEARN HOW TO FINANCE AS AN ADULT WHERE A ROOM WHERE THEY CAN MAKE MISTAKES AND GET THE HELP NEED WHILE THEY'RE THERE.

THAT'S A CREDIT UNION ABLE TO COACH THEM ON THE DECISIONS THEY'VE MADE AND BE ABLE TO HELP THEM DETERMINE WANTS AND NEEDS TO MAKE BETTER DECISIONS FOR THE REMAINDER OF THE SIMULATION.

>> Ted: SO OBVIOUSLY YOU HAVE TO TELL THE CHILD, HERE IS THE FAMILY AND HERE IS THE SPOUSE AND HERE IS THE MONEY THAT YOU HAVE AND HERE IS THE MONEY THAT'S AVAILABLE.

I MEAN, EACH KID GETS A DIFFERENT PERSONA, I TAKE IT?

>> THEY DO.

THEN THEY GET A MONTHLY BUDGET AND A CHECKING ACCOUNT WITH THAT MONTHLY BUDGET AND AS THEY VISIT THESE DIFFERENT TABLES LIKE PURCHASING A HOME, KID CARE AND DIAPERS AND FORMULA AND THINGS WE NEED AS AN ADULT IF WE HAVE CHILDREN, IT TAKES IT OUT OF THEIR BUDGET AND SHOWS THEM WHAT THEY HAVE LEFT IN THE BUDGET AND GIVES THEM THE ABILITY TO MAKE THESE MISTAKES EAR DECISIONS ON AND DECISIONS ON THEIR OWN.

>> Ted: WHAT HAPPENS IF A KID MAKES A MISTAKE AND WINDS UP IN A FINANCIAL BIND?

>> THAT'S WHERE THE CREDIT UNION IS THERE.

THEY GO TO THE HOUSING TABLE AND BY THE END, THEY UNDERSTAND THAT MIGHT NOT HAVE BEEN THE BEST DECISION IF THEY HAVE CHILDREN AND OTHER OBLIGATIONS TO FIGURE OUT FIRST.

BUT REALLY, THAT FINANCIAL OR THE CREDIT UNION TABLE IS THERE TO HELP TO TALK TO THEM ABOUT THE DECISIONS THEY DID MAKE BASED OFF OF THEIR OWN KNOWLEDGE AND THEN GIVE THEM ADDITIONAL KNOWLEDGE TO BE ABLE TO GO BACK OUT AND MAYBE RETURN.

SOSOMEBODY GOT SOLDON THREE TVS, ONE FOR EVERY KID'S BEDROOM.

YOU CAN WATCH WHATEVER SHOW YOU WANT AND THE KID CAN PLAY GAMES.

MAYBE THEY UNDERSTAND THAT MAY NOT HAVE BEEN THE BEST DECISION NOT JUST FOR THE KID BUT FOR THE FAMILY AND THEY'RE ABLE TO RETURN A COUPLE TVS SO THEY CAN AFFORD A CAR WITH AIR CONDITIONING TO TAKE THEIR KIDS TO SCHOOL RATHER THAN RIDE A BUS.

>> Ted: FOR KIDS IN THAT FINANCIAL BIND, THEY GET A SECOND CHANCE.

WHEN THEY GET THAT SECOND CHANCE, DOES THE BELL RING A RESIDUALLITTLE BIT?

>> IT DOES AND WITH THE EDUCATION THEY'RE RECEIVE, THEY CAN MAKE BETTER DECISIONS AND WE ALWAYS FOLLOWED UP WITH A DEBRIEF AND TALKING ABOUT, HEY, WHAT DID YOU LEARN AND WHAT SURPRISED YOU?

WHAT THINGS WILL YOU START DOING TODAY TO MAKE SURE THAT YOU'RE SET UP FOR SUCCESS INTO ADULTHOOD.

>> Ted: WHAT DO YOU MOST OFTEN HEAR?

>> KIDS ARE EXPENSIVE AND THEY WON'T HAVE ANY.

[ Laughter ] >> AND IT OPENS THEIR EYES TO SACRIFICE FOR THEIR FAMILY AND TAKE THINGS AWAY THEY WANTED TO PURCHASE FOR THEMSELVES BECAUSE THEY UNDERSTAND THAT WAS NOT COY SHIVECOHESIVE TO THEIR FAMILY BUDGET.

A LOT OF KIDS COME IN WITH THEIR FAMILIES AND WE TALK ABOUT THE IMPORTANCE OF HAVING THOSE CONVERSATIONS.

DON'T MAKE BUDGETING BE A BEHIND-CLOSED DOORS.

THEY NEED TO BE INVOLVED BECAUSE THIS IS A PIVOTAL TIME WHY THEY GO ONTO BUY THEIR FIRST CAR AND FINANCING COLLEGE AND SAVING FOR A HOME.

IF YOU DON'T ARM THEM WITH THE KNOWLEDGE, THEN NEAR NOT GOING THEN THEY'RE NOT GOING TO DO IT AS WELL AS THEY COULD.

>> Ted: GOOD STUFF.

RACHEL CABALLERO, TRU-WEST CREDIT UNION AND BITE OF REALITY SIMULATION.

THANK YOU.

>> THANK YOU.

>> Ted: THAT'S IT FOR NOW.

I'M TED SIMONS AND THANK YOU FOR JOINING US.

YOU HAVE A GREAT EVENING.