The Case for Personal Financial Education in Schools: Part 4

August 15, 2016

Millennials face a spectrum of financial challenges and fear that they have little maneuvering room in case of an emergency.

 

• Nearly 50% don’t believe they could come up with $2,000 if an unexpected need arose within the next month

• Nearly 30% are overdrawing on their checking accounts

• 53% carried over a credit card balance in the last 12 months

 

Millennials, in general, are financially fragile, meaning that they do not possess the tools to cope with even midsize financial challenges.

 

 

 

 

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