"Teens are admitting that they don't have knowledge of some of the basic money management skills around investing, budgeting and using credit," said Jack E. Kosakowski, president of Junior Achievement USA. "The poll shows we need to do a better job of ensuring our youth are financially literate." Although the survey respondents expressed optimism about the nation's financial future, nearly five out of six teens believe that money management skills should be taught within the K-12 curriculum.
With support from The Allstate Foundation, JA has launched a series of downloadable courses on money management, credit card use, and investing called $ave USA. Parents and children can work on one set of exercises together, while teachers can download classroom programs and course material. $ave USA content can be downloaded for free from the JA.org website.
About the Author
Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.