Are American Youth Financially Savvy?

H23 BB00934850 * $100 'star note'Are American youth financially savvy enough? Rebecca Klein has written a provocative post on the Huffington Post about this. Money management skills are essential to building wealth and attaining some level of financial security. Where do American youth stand in this respect? Check out Ms Klein’s article:

American students’ knowledge about managing money is downright unimpressive, according to a study released Wednesday. 

The Organization for Economic Cooperation and Development (OECD) study chronicles how students around the world scored on a Program for International Student Assessment (PISA) financial literacy exam in 2012. Of the students from 18 countries and economies who took the exam, American students scored solidly in the middle. On the other hand, students from Shanghai, Estonia and the Flemish Community of Belgium led the pack, while Italy and Colombia’s scores trailed at the bottom….

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If there are young people in your life maybe you should talk to them about this. Maybe it is time to pass on some wisdom about how to manage money well to the next generation. What do you think?

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.