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Financial Literacy Slide Show

Financial Literacy Slide Show






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    Financial Literacy Slide Show Financial Literacy Slide Show Presentation Transcript

    • 8
    • Unprepared for “The Real World”
      • 74% of parents of high school students were more concerned about their children “developing good personal financial skills” than “following the wrong crowd” or “drugs/and alcohol use.”
      • [Practical Money Skills for Life, Visa USA 2005 National Back to School Survey]
      • “ Only 26% of 13-to 26-year olds reported their parents actively taught them how to manage money.”
      • [Statement on the Introduction of Credit Card Bill of Rights, Senator Menendez, April 2006]
      • “ The greatest single source of money for teens is gifts, 54%, up from 47% in 2006. 52% say they simply “ask for money from my parents or guardians when I want or need something.”
      • [Charles Schwab Teens & Money 2007 Survey]
    • 7
      • Young Americans now have the second highest rate of bankruptcy, just after those aged 35 to 44.
      • [Demos: A Network for Ideas & Action, "Generation Broke Report" 2004]
      • University administrators state that they lose more students to credit card debt than to academic failure.
      • [Junior Achievement Organization, 2004]
      • When young adults ages 18 to 25 were asked to name the most important problem facing them in their lives today, the highest response (30%) was financial issues including bills, debt and the cost of living.
      • [Pew Research Center, 2007]
      • People in the 18-to-24 age bracket spend nearly 30% of their monthly income just on debt repayment.
      • [Demos: A Network for Ideas & Action, “Generation Broke Report” 2004]
    • 6
    • Money in the Classroom
      • 76% of parents said that schools should be required to teach money management skills.
      • [Practical Money Skills for Life, Visa USA 2005 National Back to School Survey]
      • Only 21 of 50 states actually implement legislation for financial literacy standards. While nine states require student testing in personal finance, only seven states actually require students to take a personal finance course in high school.
      • [National Council on Economic Education, 2005]
      • In a recent survey, 76% of college students wished they had more help preparing for their financial future.
      • [The Hartford Financial Services Group, 2007]
    • 5
    • A Growing National Problem
      • The average household with debt carries approximately $10,000 to $12,000 in total revolving debt and has 9 credit cards.
      • [Jump$tart Coalition for Personal Financial Literacy, “Making The Case for Financial Literacy-2005”]
      • In 2005, savings rates dipped to minus 0.5 percent, something that hasn’t happened since the Great Depression.
      • [US Department of Commerce, 2006]
    • 4
    • The Solution
      • brass has a taken a giant step in the right direction by providing content, information, inspiration and resources where young adults need them most.
    • 3
      • But we can’t do it alone.
      • We need you–students, young professionals, teachers. businesses, and organizations–to help.
      • Please visit our Action Center right now to help us get brass|TV picked up by a major TV network.