Do you think you know the basics when it comes to finances? According to a new nationwide survey released today by MassMutual, millennials still have a lot to learn about fundamental personal finance topics such as credit scores, compound interest and investing.
Today, Junior Achievement of Greater Washington announced the winners of the 2017 Junior Achievement Essay Competition. This year's competition was intense, as over 1,100 qualified answered this year's question: "Several great entrepreneurs, including Bill Gates and Mark Zuckerberg, dropped out of college before getting their degrees. How important do you think a college education is to your future success?"
"Think long term. The decisions you make today, whether it's studying, spending or working, have a significant impact on your future. There is no substitute for a good work ethic and hustle!"
This is the advice Julie Simmons gives to the next generation. And it's the same advice that was passed down to her from a young age.
A new survey by Junior Achievement USA and AIG finds that only half of teens cite becoming financially independent of parents as one of their future goals. The 2018 JA Teens & Personal Finance Survey offers insight into how this generation is thinking about and planning for their financial future while emphasizing the value of financial literacy and personal finance programs.