Webinar Replay: Financial Education in our Schools

money blabstermind - financial education in our schools

Amy Robles invited me into a conversation about financial education in our schools.

Here are some stats:

  • 30% of college students with loans drop out without a degree.
  • Members of the class of 2011 graduated with an average of $26,600 in student loan debt.
  • 30% of 18-24 year old's income goes towards debt repayment.
  • In 2010, more individuals filed for bankruptcy than graduated from college
  • Fewer than 20% of teachers report feeling competent to teach personal finance topics.

However…

Students from states where a financial education course was required were more likely to display positive financial behaviors and dispositions.

  • They are more likely to save
  • Less likely to max out their credit cards
  • Less likely to make late credit card payments
  • More likely to pay off credit cards in full each month
  • Less likely to be compulsive buyers
  • More likely to take reasonable financial risk

 

Is it the responsibility of our school system to educate our children on personal finance?

Where does the parent's role fall into this?

And why did Gary Leland give his children credit cards at age 14? #shiver

I give my 2 cents in the webinar replay below…


 

Put a Financial Wellness Coach in your Corner

Hi, my name is Steve Stewart. I am here to help.

Whether you are drowning in debt or want to build a healthy savings account, I have been helping couples and individuals since 2007.

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