Personal Finance Test

Last year, the Jumpstart Coalition for Personal Financial Literacy conducted a nationwide test of high school seniors who were able to answer only 52% of the personal finance and economics questions correctly.

The test determined that the average student who graduates from high school lacks basic skills in the management of personal financial affairs.

Many are unable to balance a checkbook and most have no insight into the basic survival principles involved in earning, spending, saving and investing.

Students who took a high school course in personal finance actually did worse on the exam than those who did not.

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