Millions of young adults will get their first job this summer. This is a great time to develop healthy financial habits than can help them use their money in ways that are important to them and help them plan for their futures.
We're sharing five example questions used to evaluate 15-year-olds around the world on their financial literacy knowledge and skills. Take this quiz to understand how much you know about handling finances and learn more about our resources that can help in your own financial life.
We’ve released a new report on our findings for how young people can acquire three building blocks of financial capability which include: executive function, financial habits and norms, and financial knowledge and decision-making skills. Read on to find strategies for educators, policymakers, and parents.
Parents often want to open accounts for their children, to help them learn about saving for the future and managing their money. And young people often go to a bank to open an account when they get their first job and start earning money. However, when trying to open an account for a child under age 18, some people run into roadblocks.
We’re working with the Department of Labor to increase youth financial capability across the country at this crucial stage when young people are starting to enter the workforce.
America Saves Week is coming soon. This annual event helps thousands of us start out on a regular program of saving money toward our goals. We’ve all got goals and plans for the future, and a lot of them cost money.
The holiday season provides a particularly good opportunity to reach kids with some basic money attitudes. Your children absorb what you say and what you do, so think out loud as you shop for gifts and buy food for holiday meals.
For young people, particularly those between the ages of 16-24 who may be entering the workforce for the first time, developing good money management skills is critical. Without the necessary financial knowledge and skills, many will not develop money management habits, trapping them in a future with limited savings, high debt, or compromised credit.
Youth in foster care are particularly susceptible to identity theft because they often lack a permanent address, and their personal information is frequently shared among numerous adults and agency databases.