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Facts & Figures

  • Starting 2009-2010, 3 out of 50 states require at least one semester course devoted to personal finance, 16 other states require personal finance instruction incorporated into other subject matter. The remaining states have NO requirements. (Check out jumpstart.org to find your state requirements)
  • In 2008, the Jumpstart Coalition did a survey on Personal Financial Literacy- 6,856 High School seniors were given the survey consisting of 35 questions
    Mean Score = 48.3%(go to jumpatart.org to see the questionnaire)
  • Only 32% of American parents talk to their children regularly about personal finance. (Office of Investor education and Assistance, Securities and Exchange Commission 2008)
  • According to the federal Bureau of Economic Analysis, BEA, the national annual savings rate fell in 2005 to its lowest point since the Great Depression: negative 0.4 percent. Since then, it has continued to fall, registering at negative 1.6 percent in May 2006 and negative 1.5 percent in June. Compare those numbers with 1985 when the national savings rate hit a record 11.1 percent.
  • According to Nellie Mae, a student loan company, the average undergraduate debt is $18,900 in 2002, up from $11,400 in 1997. $18,900 in 2002, up from $11,400 in 1997. (Money Jan. 2004)
  • -The fastest growing group of bankruptcy filers are those people who are 25 years of age or younger.  (Senate Committee on Banking, Housing and Urban Affairs, 2002)
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