About the program
Financial education can turn around these startling statistics:
- 49% of adults and 94% of students surveyed don't understand basic concepts about money.
- 94% of student's surveyed turn to their parents for financial information.
- Only 29% of the parents surveyed have obtained educational materials to help teach their children.
- 61% of the parents surveyed say that parents and schools should share the responsibility of teaching financial education.
(Source: Parent, Youth, and Money Survey)
When it comes to educating kids about financial matters, how much are parents and schools stepping up to the plate?
- Only 30% of teens believe that their parents/guardians are concerned with making sure they are learning the basics of smart money management.
- 87% of teens report that their parents/guardians talk to them about money, but 22% believe it is disrespectful for them to ask their parents or guardians about their finances. (source: Charles Schwab Teen & Money Survey, 2007)