Money & Credit
Teaching Our Youth

Why?

Most young people have little confidence in their money management skills. And in fact, 74 percent of 12 to 22 year-old students who were surveyed WANT their schools to teach money management. Teaching students the essentials of money management and how credit reporting works (and how to use credit responsibly) will lead to a lifetime of good fiscal habits.

Consider this!

The average U.S. teen spends $4,368 a year.
20% of American teens carry four or more credit cards.
9% of young adults between the ages of 18 and 23 are delinquent on their credit card balances.
The average credit card balance for undergraduate students is $2,226.
The average student loan debt is $15-20,000.
More than two thirds of U.S. 18 and 19-year-olds have savings accounts.
The Wall Street Journal reported that, in 1996, 8.7 percent of the 1.1 million bankruptcy filers were less than 25 years old.
These are just a few reasons why the basic essentials of money management are necessary to prevent some of the pitfalls that our kids will face on tomorrow.