Financial Literacy After High School

In Honor of Financial Literacy Month... FINANCIAL LITERACY AFTER HIGH SCHOOL HOW PREPARED ARE OUR HIGH SCHOOL SENIORS FOR FINANCIAL RESPONSIBILITIES? OOOO .... This 3 million high school year, seniors will graduate in the United States, but only: have taken a course in 29% personal finance or money management currently feel "very 34% confident" in their ability to manage their own finances 86% will have to earn all or some of their income and spending money when they graduate, and will have to pay for more of their day-to-day expenses. 2 WEEKS The amount of time spent by half of high schod seniors picking out a prom dress or deciding who to ask for the big event 5 HOURS The amount of time spent by most high school seniors learning how to pay for college Students want to learn! of students say they wished they learned personal finance in school to prepare them for life after college. 46% 83% say they would be very interested in learning more about how to manage their personal finances. † 82% recognize that it is very important to be able to manage their finances when they graduate. Classes pay off Students who take courses in personal finance are more likely to engage in responsible financial behavior including: Save 93% Money 84% Have a 60% Budget 46% Taken a course in Invested 32% personal finance Money 17% Taken NO personal finance courses To learn more, visit http://www.councilforeconed.org/ Sources: http://www.pathwaytofinancialsuccess.org/blog/key-findings- new-poll-underscores-need-financial-education-school http://phx.corporate-ir.net/phoenix.zhtml?c=70667&p=irol-newsArticle&ID=1573673&highlight https://www1.salliemae.com/about/news_info/newsreleases/Sallie+Mae+survey+reveals+high+scho ol+seniors+spend+more+time+planning+for+prom+than+financial+plann.htm http://nces.ed.gov/programs/projections/projections2017/tables/table_25.asp?referrer=list ss