Teenagers feel unprepared to finance their futures

 

According to a survey of 1,000 children aged 13 to 18 conducted by Junior Achievement USA and Citizens Bank between February 18 and 24, 54 percent of teens are concerned about financing their futures. Teenagers are concerned that they will not be able to afford higher education. 

Almost 70% of the teens said rising higher education costs have impacted their post-graduation plans. 

“We see so many families who are completely unprepared to pay for college,” said Mindy Hager, vice president of student lending at Citizens Bank. “The discussions aren’t happening at home or in high school.”

More students than ever before will have access to education in the coming years. While nearly half of the states in the United States require personal finance education, even more are poised to pass legislation ensuring students’ access to such a class. 

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