Luckily, awareness of this issue is on the rise, and high school students in 21 states must now take a personal finance course to graduate. According to the results, the average level of money management knowledge among the sample was 64.9%. This 30-question quiz assessed respondents’ capability to earn, save, and grow wealth.
In fact, in December of 2019, The National Financial Educators Council (NFEC) asked nearly 7,000 teens and young adults (aged 15-18) across all 50 states to respond to a test measuring their current personal finance knowledge.
Yet most kids don’t learn enough of what it takes to manage their money from childhood and beyond. How do most kids learn to excel at the important things in life? Education and practice are the main ingredients.
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