Study: Most states don’t score well on financial literacy

By Valerie Strauss, Washington Post

Bryan Lee, 14, left, of Alexandria takes notes Jan. 23, 2013, as he looks at stock numbers with other eighth-graders from Holmes Middle School. The students were participating in a financial literacy program at Junior Achievement Finance Park.  (Sarah L. Voisin/The Washington Post)

Bryan Lee, 14, left, of Alexandria takes notes Jan. 23, 2013, as he looks at stock numbers with other eighth-graders from Holmes Middle School. The students were participating in a financial literacy program at Junior Achievement Finance Park. (Sarah L. Voisin/The Washington Post)

Given the extraordinary amount of debt that Americans wallow in daily, you’d think that teaching financial literacy in school and at home would be a priority. Guess again. A new study on the state of financial literacy programs in public schools ranks only 7 states with an A and 22 with a D or F. And it says that parents are no more comfortable talking to their kids about sex than they are about money, so young people aren’t learning about the subject at home, either.

The study, which you can find here, was done by the Center for Financial Literacy at Champlain College, which assigned grades to states for the quality of their financial literacy programs.

To read to full article from the Washington Post click here.

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