• In 2006 the Jump$tart Coalition for Personal Financial Literacy reported that high school seniors scored an average of 52.4% on a basic financial literacy survey.
  
  
• According to ACT, 1 in 4 students leave college before completing sophomore year.
  
  
• 19% of all bankruptcies are filed by people under age 25.
  
  (The following stats are from the 2007 Charles Schwab Teens and Money Survey):
  
  
• 34% of teenagers know how to balance a checkbook.
  
  
• 88% of teens do not like the way it feels to owe someone money.
  
  
• 29% of teens are already in debt with an average debt load close to $300.
  

These studies and others indicate that students are graduating without the simple abilities to balance their checkbook, live within their means, or plan for their retirement and future. As a result, most young adults don't know how to handle money and make mistakes with zeroes on the end.

But they want to know. The Charles Schwab survey also revealed these staggering stats:

• 89% of teens want to learn how to make their money grow.
  
  
• 65% believe learning about money is interesting.
  
  
• 60% say learning about money management is a top priority.
  
  
• Teens are motivated to learn about money matters such as budgeting, saving, and investing.
  
  
  • 88% want to learn how to pay their bills.
  • 88% want to learn how to stay out of debt.
  • 85% want to not have to rely on others for money.

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The Solution