Financial Literacy 2012

Financial Literacy 2012 Дисасу This is because financial literacy is highly valued by affluent Americans. Although many wealthy investors turn to friends, family, or financial advisors when making investment Importance of Financial Knowledge to Investors decisions, a majority prefer to first do their own research. 1%1% 15% extremely important Resources Used for Investment Decisions 69% 60% 8 important somewhat important 27% not very important not at all important Individual Research Financial Advisor Friends or Family 43% 41% The sources investors turn to most to improve their financial knowledge are: 1. Newspapers 52% 2. Meetings with Financial Advisor 47% 3. Financial Magazines W , 44% Most affluent investors are more Unfortunately, teens in these families model their owWn financial behavior after their parents.2 worried about the financial situation of their children or grandchildren than they were last year. 86% - Teens who say they Concerned for Financial Situation of Children or Grandchildren learn money management skills from their parents 68% 57% 66% 59% 57% 24% - Teens who say they learn money management skills at school or from their teachers Teens Identify Parents as Saving Money 2011 -59% $100K-$IMM $1MM-SSMM $SMM+ 2012 -21% Z 2011 I 2012 And they should be. A number of adult Americans lack basic money management skills. Teens Indicate That They Are Saving Money 56% - Americans who do not have a household budget 2011-89% 0000000000 2012 -56% 22% - Americans who do not have a good idea of how much they spend on housing, food and entertianment Not only are there problems at home, but many schools also drop the ball. Only 13 states require students to take a course in personal finance 3 U.S. teens ranked next to last for their financial knowledge in an international survey 1. Vietnam - 61.5 2. Indonesia - 55.4 3. India - 54.0 4. Colombia - 53.2 5. Mexico - 47.8 24. Thailand - 23.2 25. Taiwan - 22.1 26. Canada - 18.6 27. USA - 18.5 28. Bosnia - 17.8 ం MILLIONAIRE Brought to you by www.nfcc.org/newsroom/FinancialLiteracy/files2012/FLS2012FINANCIALREPORTO402late pdf 2. www.ja.org/docload/2012-Teens-Personal-Finance.pdf CORNER Millionaire Corner 3. www.councilforeconed.org/wp/wp-content/uploads/2011/11/2011-Survey-of-the-States.pdf 4. www.practicalmoneyskills.com/summit2012/decks/bodnar.pdf