Financial Planning Program for Schools
This FREE program is oriented primarily to increase
financial literacy among America’s youth. ESA is proud to be a “SPONSOR”
of NEFE High School Financial Planning Program.
Recent Studies Show That:
- The average teenager in the U.S. spends approximately $4,370
each year.
- Collectively, teenagers spend more than $155 billion annually.
- Today’s high school graduate stands to earn over $1 million
in adulthood—without adjusting for inflation.
Yet, America’s young adults lack the basic personal
finance knowledge needed to make the most of their money, now and in the future.
In fact, a recent survey shows that 58 percent of students learn most of what
they know about money management from their parents, while fewer than 11 percent
learn more in school. Clearly, with today’s rising number of personal bankruptcies,
increases in consumer credit delinquencies, and inadequate retirement savings,
the need to teach financial literacy in our high schools is critical.
This innovative, “hands on” course provides interesting,
contemporary learning materials that will teach students to:
- Identify and prioritize their personal money management goals.
- Develops budget.
- Track their income and spending to stay within their budget.
- Comprehend the impact of time on the value of money—especially
important in achieving savings goals.
- Understand the cost of using credit.
- Protect their assets as they begin to accumulate money.
Our Children in College Today!!!!!
- 45% of college students have an average credit card debt of $3,066!
- 20% of graduating students have more than $10k in non-school related credit
card debt!
- Universities lose more students to credit card debt than academic
failure!
- College students borrowed in the 90’s what they borrowed in the 60’s,
70’s, & 80’s combined!
- Currently of the 59.6 million students loans totaling $152.7 billion –
13.3 million loans for $26.7 billion are in default!
- Bankruptcy filings for 18 – 25 year age group has increased ten-fold in
the last five years. This is the faste
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