High school seniors financial literacy scores falling

In the Jump$tart Coalition’s biennial survey, (last done in 2008) high school seniors correctly answered only 48.3 percent of the questions. This is a decrease in scores by the senior class of 2006, which correctly answered 52.4 percent of the questions.

Lynne’s comment “There is a lot of financial information covered in the survey questions. However, knowing this information is no guarantee that an 18-year-old will be able to manage money day-to-day in the real world. Today’s kids need to develop something I define as financial competency, being the ability to manage one’s financial resources to pay bills on time, make reasoned use of credit when necessary (especially credit cards) and to plan for future expenditures. Here’s the link to the survey.  What do you think?”

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