Teens Financial Knowledge Still Dismal

[jeffrey]

They say money talks, but it seems young people in this country are not listening very well. The financial know-how of high school seniors is "dismal but improving," said Lewis Mandell, a professor of finance and managerial economics at the University of Buffalo School of Management, who conducted and analyzed the results of a nationwide survey on the subject.

On average, 12th-graders answered only 52.3% of questions about personal finance and economics correctly. Still, that was better than the 50.2% in the previous survey in 2002 and 51.9% in 2000... [ Read More at usatoday.com ]