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Why Financial Education


Research shows that a large percentage of people of all ages, incomes, and education lack the basic financial knowledge and skills to ensure long-term stability for themselves and their families. 

Banking bingo

  • In a 2006 national survey conducted by Jump$tart Coalition, 62% of nearly 6,000 high school seniors failed a multiple choice test on basic financial knowledge. The average score was 52.4 percent.
  • Only eight states currently require that students complete a personal finance course before graduating from high school -- Colorado is not one of them.
  • Between 1990 and 1999 there was a 51% increase in annual bankruptcy filings among young adults 25 years of age and younger.

The average young person entering the workforce will earn more than a million dollars during his or her lifetime.  Will he be prepared to make wise financial choices?  Will she understand the value of budgeting and living within her means?  Have they been taught the skills necessary for a successful financial future?

Reaching youth early in life is critical to helping them establish sound financial habits.  At Young Americans we have built a curriculum of hands-on programs and real-life experiences that support young people in their journey through the world of finances and economics. 

For more statistics on financial literacy see the Resources section.


Young Americans Center was awarded the "John Sherman Award for Excellence in Financial Education" by the U. S. Treasury Department for its Young AmeriTowne program.




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