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Financial Education Needed in U.S. Schools

Financial Education Needed in U.S. Schools

It's becoming increasingly clear that students lack financial literary skills. Financial literacy is key for students' future success--applying for a credit card, balancing a checkbook, paying for car insurance and other tasks can be difficult for young adults. 

According to CNBC, a recent FINRA survey found that in 2013, only 24 percent of students were able to answer four out of five questions correctly in a financial literacy quiz. 

"One of the things we took away from the survey is that there are a lot of people that are rather stressed about their finances," said Gerri Walsh, president of the FINRA Foundation. Walsh's mission is to give Americans the tools for financial success. He also noted that 89 percent of the respondents believed that financial education should be taught in school. 

Read the full story. 

Article by Kassondra Granata, EducationWorld Contributor

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