The Case for Personal Financial Education in Schools: Part 2

June 16, 2016

 

 

Millennials Have Inadequate Financial Knowledge. Among the overall adult population, Millennials are the age group with the lowest level of financial literacy.

 

• Only 24% demonstrated basic financial literacy
• Only 8% demonstrated high financial literacy

 

When tested about basic concepts around personal financial management and credit, they tend to fall flat. Lack of financial knowledge may jeopardize Millennials' financial success.

 

 

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