The Case for Personal Financial Education in Schools: Part 2
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.