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News, Advice, and Tips for Parenting Teenagers

The By Parents For Parents Blog is regularly updated with the latest news and information on topics that relate to parenting teenagers. We'll post parenting advice and tips from trusted online news sources and expert parenting columns.

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Monday, May 12, 2008

High School Seniors Flunk Test on Financial Literacy

High school students do not understand how to handle basic money issues, such as calculating APRs or investing for the highest returns. Fewer than half of high school students who took a financial literacy test from the JumpStart Coalition on Financial Literacy passed it. This was the lowest result in six years of testing.

Bernard Bernanke, chairman of the Federal Reserve, commented on the results, saying "the financial preparedness of our nation's youth is essential to their well-being and of vital important to our economic future."

College prep boarding schools might be better equipped to teach teens about money and finances, which will only make them better prepared for the future. Find a college prep boarding school at BoardingSchoolsInfo.com.

Labels: education, money, responsibility

posted by ByParents-forParents at 2:17 PM

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