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Paralyzed. That's how Paige Worthy feels when she thinks about budgeting her money. "I freeze. I have no idea where to even start with this," the 29-year-old says.
29 years old and has "no idea" on "where to start" with budgeting her money? That's beyond absurd. It's shameful!
But she's not alone. How bad is the probem?
Quote:
The Treasury Department and Department of Education have teamed the past three years to assess financial literacy in U.S. high schools, and the results haven't been pretty: the average score of almost 76,900 students in 2010 was 70%. Last year's testing of about 84,000 students and this year's of about 80,000 students were both a point lower: 69%.
And that's actually an improvement! Check this out:
Quote:
The problem has been a long time coming. A biennial survey by Jumpstart Coalition for Personal Financial Literacy, conducted from 1997 to 2008 (when many Millennials were in high school) showed high school seniors doing even worse. In 1997, the average score on a 31-question financial literacy exam given as part of the survey was 57.3%. In 2008, the average score was at its lowest ever, 48.3%.
These are the future leaders of America? Is this what we have to look forward to??
Will there be consequences? Absolutely!
Quote:
Whether they're learning about managing money, or not, at home or in school, the lack of financial savvy among Millennials could have a trickle-down effect with detrimental consequences for society, experts say.
Young adults with too much credit card debt can be precluded from certain jobs, and poor financial decisions can force some to drop out of school, says Ted Beck, CEO of the National Endowment for Financial Education. And if the next generation is unable to "continually acquire skills," he says, the United States is left with an uncompetitive and unattractive workforce that by necessity will lean more on social programs.
More reliance on social programs is exactly what we need!!
The United States of America is circling the drain, no matter which way you look at it. When our own citizens can't even manage their own money, then what else can we logically expect the outcome to be??
This is and has been the Left's plan for quite a while now. Dumb down this nation in order to cripple it's people and turn them into useful idiot drones that the elite powers can tap into to do their bidding.
29 years old and has "no idea" on "where to start" with budgeting her money? That's beyond absurd. It's shameful!
But she's not alone. How bad is the probem?
And that's actually an improvement! Check this out:
These are the future leaders of America? Is this what we have to look forward to??
Will there be consequences? Absolutely!
More reliance on social programs is exactly what we need!!
The United States of America is circling the drain, no matter which way you look at it. When our own citizens can't even manage their own money, then what else can we logically expect the outcome to be??
As a parent of a five year old, I pledge to teach her to reject the consumer-at-all-costs debt mentality and if we all do that, hopefully we can reverse this awful trend.
Parents need to understand that financial literacy is just as important a lesson for kids as anything else.
This is decades of enabling, getting left wing Judges in everywhere to dismiss all laws people voted on like 187 in California and the damage done by indoctrination by the left in schools.
We've had a cancer within for decades.
People have lost their pride and sense of shame.
They think like victims for the most part.
Some call the Entitlement Monster generation.
This is and has been the Left's plan for quite a while now. Dumb down this nation in order to cripple it's people and turn them into useful idiot drones that the elite powers can tap into to do their bidding.
I agree 100%. If there ever was a vast left-wing conspiracy, it was to make most American's beholden to government. But where is the individual in this equation? Why is it not inherent among civil people to effectively manage their money? Money management is common sense in a capitalist society. At least it's common sense to me!
29 years old and has "no idea" on "where to start" with budgeting her money? That's beyond absurd. It's shameful!
But she's not alone. How bad is the probem?
And that's actually an improvement! Check this out:
These are the future leaders of America? Is this what we have to look forward to??
Will there be consequences? Absolutely!
More reliance on social programs is exactly what we need!!
The United States of America is circling the drain, no matter which way you look at it. When our own citizens can't even manage their own money, then what else can we logically expect the outcome to be??
I agree 100%. If there ever was a vast left-wing conspiracy, it was to make most American's beholden to government. But where is the individual in this equation? Why is it not inherent among civil people to effectively manage their money? Money management is common sense in a capitalist society. At least it's common sense to me!
Um, are we trying to say that no kids of right wing parents are included in this statistic?
Oh please, Americans from all generations have debt problems and lack financial literacy.
This is no new phenom-It is just drastically becoming worse because the bubbles and credit culture were never curtailed in the decades prior to this one and Millennials are experiencing the worst of it.
I'm 25, have less than $20,000 in student loans, and own a very modest home with a low interest rate.
29 years old and has "no idea" on "where to start" with budgeting her money? That's beyond absurd. It's shameful!
But she's not alone. How bad is the probem?
And that's actually an improvement! Check this out:
These are the future leaders of America? Is this what we have to look forward to??
Will there be consequences? Absolutely!
More reliance on social programs is exactly what we need!!
The United States of America is circling the drain, no matter which way you look at it. When our own citizens can't even manage their own money, then what else can we logically expect the outcome to be??
That's what you get for giving kids trophies for losing a game.
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