"U.S. teenagers are making little headway when it comes to financial literacy, a survey out Wednesday shows.
High school seniors on average answered 52.4% of a 30-question financial survey correctly. That was up from 52.3% when the survey was last conducted two years ago but down from 57% in 1997, the first year for the survey, according to the Jump$tart Coalition for Personal Financial Literacy.
'Financial literacy is still a very significant problem. It doesn't seem to be getting any better,' says Lewis Mandell, a professor at SUNY Buffalo School of Management who oversaw the survey, which was conducted in December and January. It includes topics such as investing and managing personal finances."BTW they have sample questions on the left side of the article.
Mmm, we should be able to help solve this. What do you think? Maybe start volunteering once a month at local High Schools? Sounds like a GREAT service opportunity for finance clubs!