Financial literacy is not an educational priority in the United States. In fact, only three states require one full semester class on personal finance in high school. Do you know which states those are?
The fact is that teens need information. While one in three have a summer job, more than 80% do not have a checking account which means that most do not know how to balance a checkbook.
Teens are not alone though. Some 47% of adults say that stress over their finances make them sleep less. I’m not surprised, because I have been there. But all isn’t loss though, Americans have reduced their spending every year for the past four years.
Check out the infographic below for more insights on American and their money.