Before kids can read, they have to understand a few basic components and how they connect. The marks that form letters. Letters that form words. Words that form sentences and paragraphs. Only after grasping these concepts can kids pick up a book and understand the power of its pages.
The same principle applies to financial literacy. Kids need to understand the basics in order to become successful adults who handle money wisely. Unfortunately, too many young people aren’t learning these lessons at school, at home or anywhere else. Because their future—and the future of the communities, cities and country they will lead one day—depends on it.
of college students have credit cards
have more than four!
The fastest-growing segment for bankruptcy – people age
(National Financial Educators Council)
year olds in the US could answer 3 simple finance questions
about interest rates, inflation and risk diversification
(Lusardi, Mitchell, & Curto, 2010)
According to a 2008 survey, only
of youth knew what inflation was and could do simple
interest rate calculations.
(Lusardi, Mitchell, & Curto, 2010)