Your financial future starts now
To be free from financial worry is one of life’s great aspirations. That’s where financial literacy comes in. You can use it to your advantage every time you make a decision about money.
Do U.S. adults know more about personal finance than students?
Pioneers in the field of financial literacy designed three simple questions that measure the ABC’s of financial literacy, known as the Big Three. Many people find the questions challenging. How about you?
U.S. Student Performance
Every three years, the Programme for International Student Assessment (PISA)—an initiative of the Organisation for Economic Co-operation and Development (OECD)—surveys 15-year-olds around the world. Since 2012, this survey has measured, among other things, their financial literacy with an eye on one simple question: How well-prepared are young people for the new economic environments that are becoming more global and more complex?
The answer received every three years is troubling. Many teenagers are not prepared. As for U.S. students, they do about average compared to other young people around the world. But average isn’t good enough.
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Financial Education Works!
A recent study shows that financial education has a significant impact on financial knowledge and financial behavior.
Where does your school stand?
Curious if your school or district offers financial education? And if so, does it offer enough and how does it compare to other programs in the area, state, or even the country? Check out these links to find out what schools in the U.S. offer financial education.
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