10/31/23 – The Financial Literacy Crisis in America: 2023 Report
- October 31 2023
- By: info@njcfe.org
- 0 Comment
The Financial Literacy Crisis in America: 2023 Report
October 3, 2023 | ramseysolutions.com
Credit: ramseysolutions.com
REPORT SUMMARY
· 88% of U.S. adults said high school did not leave them “fully-prepared” for how to handle money in the real world.
· 3 in 4 U.S. adults said in the years after high school, they “often” (32%) or “sometimes” (42%) felt stress because of money.
· 72% of U.S. adults said they would be “further ahead with their money today if they had a personal finance class in high school.”
· Only 17% of U.S. adults said they took a personal finance class in high school.
· Gen Z is the most likely generation to have taken a personal finance course in high school.
· U.S. adults who took a personal finance class are five times more likely to say they graduated high school fully prepared for handling money in the real world.
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