![]() The largest organization for young people and social change launched “Would You Rather?”, a nationwide financial literacy campaign that teaches young people how to make and save money, while social distancing during COVID-19 Now more than ever, students need education and resources to help them understand how to make it through these difficult financial times.ĭ is doing just that. It is also essential to developing short- and long-term financial habits and skills that lead to greater financial well-being.Īt least 72% of students say personal finance stresses them out and the current world health crisis cause by COVID-19 could put an added financial burden on many young people. When young people understand how to manage money, they are equipped with a skill that is key to making their dreams a reality.įinancial literacy is key to understanding how to save, earn, borrow, invest, and protect your money wisely. Luckily, awareness of this issue is on the rise, and high school students in 21 states must now take a personal finance course to graduate. According to the results, the average level of money management knowledge among the sample was 64.9%. This 30-question quiz assessed respondents’ capability to earn, save, and grow wealth. In fact, in December of 2019, The National Financial Educators Council (NFEC) asked nearly 7,000 teens and young adults (aged 15-18) across all 50 states to respond to a test measuring their current personal finance knowledge. ![]() Yet most kids don’t learn enough of what it takes to manage their money from childhood and beyond. How do most kids learn to excel at the important things in life? Education and practice are the main ingredients. Loan Payment Portal Enrollment Instructions. ![]()
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