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|New Poll Underscores Need for Financial Education in School|
Many High School Seniors Show Signs of Financial Knowledge, but Lack Tools and Know-how to be Financially Responsible
The findings highlight the need for financial education curriculum in
schools to bolster the conversation around practical money management
and to build confidence among students preparing to graduate high
school. Pathway to Financial Success, a program dedicated to getting
financial education into the classroom, has been providing grants to
high schools to help pay for resources and teacher training on financial
education. Launched in
Students Rank Personal Finance as Most Important Subject in School
Students who have taken a personal finance class at school are twice as likely to be confident in their abilities to manage finances and more likely to prepare a budget. Of students who have taken a personal finance class, 60 percent have a budget, versus 46 percent of students who have not taken a class. The study also found that 32 percent of those who have taken a class invest versus 17 percent who have not taken a class.
“By getting financial education in schools, we’re helping the next
generation gain confidence for life after graduation and giving them the
opportunity to achieve brighter financial futures,” said
The 1,200 high school seniors who participated in the national study ranked personal finance as the most important subject they needed to learn in school for their future success – tied with math and ahead of science and technology – but less than one third (29 percent) have taken a personal finance course in school.
The majority of high school seniors are earning their own spending money, planning on contributing or paying entirely for expenses when they graduate, and intending to work while going to college.
The survey titled, “High School Seniors’ Financial Knowledge and
Outlook: A Discover Pathway to
About Pathway to Financial Success
Pathway to Financial Success is a five-year,
For full findings, please visit www.pathwaytofinancialsuccess.org/blog.