A new survey by Junior Achievement (JA) and Citizens Bank shows that 63 percent of teens believe they will be financially independent of their parents by the age of 30, meaning that more than a third of teens surveyed do not hold this belief. The survey is being released in conjunction with Financial Literacy Month, which is April.
Is your New Year's resolution to better manage your personal finances? How about to put a little extra change into the piggy bank? According to a new survey conducted by the National Financial Educators Council, increasing your knowledge about financial literacy should be at the top of your 2018 resolution list.
On Tuesday, April 5, 2016, Junior Achievement of Greater Washington attended Financial Literacy Hill Day 2016 to serve as an advocate for financial literacy in our region’s schools and to share ideas with likeminded nonprofits and institutions. Hill Day is free and open to the public; it provides networking opportunity with the national financial education community.
This event, which is hosted annually during Financial Literacy Month, features financial literacy exhibits from more than 60 non-profit, for-profit, and government entities. The event was co-hosted by U.S. Senators Jack Reed (D-RI), Joe Donnelly (D-IN), and Tim Scott (R-SC).
A new survey of 1,000 teens by Junior Achievement® (JA) USA and Voya Foundation shows that nearly two-thirds of teens, or 65 percent, believe borrowers are ultimately responsible for paying off their student loans, even if they borrowed more money than they are able to pay off, while 11 percent believe the government should do so. Fewer, 7 percent, believe it is the responsibility of the college and 5 percent think it’s up to the lender to resolve.
Dave Zahren, Reporter and Television Specialist for Prince George’s County Public Schools, stopped by JA Finance Park® Prince George’s County where Gohlson Middle School students were busy learning the ins and outs of financial literacy. As Zahren concludes his report, “Congratulations to all the Finance Park® graduates for learning early on that money does, indeed, make the world go round, but only if you use it wisely.”
This could be a really short article, because the easy answer to the question posed in the title is: “No.” Simply put, our kids are financially illiterate.