Financial literacy education is lacking in U.S. schools

The Council for Economic Education's 2018 Survey of the States reports there is no progress in financial literacy education in our schools in recent years.

The 2017 Champlain Making the Grade Study shows that more than half of the states received a C of lower in financial literacy education.

The The OECD Programme for International Student Assessment (PISA) reports that U.S. students fall in the middle of the pack among OECD countries.

 

U.S. Students are struggling under mounds of debt

Many students are ill-prepared to take on student loans and suffering the consequences. Read the Student Loan Serenity Prayer in the New York Times on February 10, 2018.

Student loan debt levels are unprecedented and college graduates are paying a hefty price. Read the 5 Facts about Student Loans as reported by the Pew Research Center on August 24, 2017.

The student loan debt levels reached $1.48 trillion in 2017.  The State Of Student Loan Debt In 2017 Report  by Make Lemonade provides additional insights.

 

FINANCIAL HABITS OF YOUTH AND YOUNG ADULTS

A Cambridge University study show that by age 7, most financial habits have been formed.

Millennials struggle with personal finance according to a PWC study on financial habits and attitudes.

 

FitMoney in the News

 Fitmoney Board of Directors joins Principal Joe Clarke of the Franklin School and Linda Firth from Lowell Five Bank in North Andover, MA. The Franklin School received a $100 check from Lowell Five Bank as the result of the highest participation rate in a savings program among fourth and fifth graders during the 2017/18 school year.   

Fitmoney Board of Directors joins Principal Joe Clarke of the Franklin School and Linda Firth from Lowell Five Bank in North Andover, MA. The Franklin School received a $100 check from Lowell Five Bank as the result of the highest participation rate in a savings program among fourth and fifth graders during the 2017/18 school year.