Show me the money, say many American teens, when they want to buy the latest fashion or gizmo. A survey by the American Savings Education Council finds that while teens are adept at spending, few know how to save money or make a budget. The group urges schools to invest in financial management classes for elementary and high school students. The goal is to guide elementary school students through high-level math concepts.
Research shows the project is increasing student achievement.
We teach kids about sex and drugs, but we don't teach them much, if anything, about money. Peter Hildreth, president of the North American Securities Administrators Association. While American teens are adept at spending, few have the economic know-how to save money for future purchases, according to a study by the American Savings Education Council. We have a financial-literacy crisis in this country, and we need to mobilize to do something about it. In Virginia, a resolution passed earlier this year urging crash courses in consumer credit at college orientations for incoming freshmen.