COLORADO
SPRINGS, Colo., July 31,
2024 /PRNewswire/ -- As students head back to school,
a class they may not have available to them is one focused on
personal finance or financial literacy. According to research by
Junior Achievement and research firm Big Village, 68 percent of
teens would "likely" take a class on financial literacy (money
management, personal finance) if offered to them, yet only 31
percent say they have access to these kinds of courses in school.
This, despite research from the International Federation of
Accountants (IFAC) that shows a lack of financial literacy
among adults costs the United
States nearly half a billion dollars a year. The survey of
1,002 teens between the ages of 13 and 17 was conducted by Big
Village between July 9 and 14,
2024.
"When you ask adults what they wish they learned in school but
didn't, it usually involves topics like understanding how money
works," said Tim Greinert, President
of Junior Achievement USA. "These
findings show that most teens today would like access to this kind
of information, but many may not be getting it."
Junior Achievement offers learning experiences to students in
grades K through 12, plus to young adults 18+, that focus on
financial literacy, work and career readiness, and
entrepreneurship. JA programs are available at low or no cost to
schools and reach more than 4.4 million students in the United States each year.
Other findings from the survey include:
- 60% of teens would "likely" take courses in work and career
readiness and entrepreneurship if offered at school.
- 41% of teens would "likely" take courses on paying for college
if offered.
- A year ago, 44% of teens said they would likely use AI to do
their schoolwork but this year only 30% say they have actually used
it for that purpose.
- 54% of teens think using AI to do schoolwork instead of doing
it themselves is "cheating," down from 60% a year ago.
Methodology
This Youth CARAVAN survey was conducted
by Big Village among a sample of 1,002 13-17-year-olds. This survey
was live on July 9-14, 2024.
Respondents for this survey were selected from among those who
have volunteered to participate in online surveys and polls. All
sample surveys and polls may be subject to multiple sources of
error, including, but not limited to sampling error, coverage
error, error associated with nonresponse, error associated with
question wording and response options, and post-survey weighting
and adjustments. It is nationally representative with set quotas
based on census data. The 1,002 completes are all who
qualified and completed based on the demographic quota
requirements. The MoE is +/- 3.1%.
About Junior Achievement USA® (JA)
Junior Achievement
is the world's largest organization dedicated to giving young
people the knowledge and skills they need to own their economic
success, plan for their future, and make smart academic and
economic choices. JA learning experiences are delivered by
corporate and community volunteers and provide relevant, hands-on
experiences that give students from kindergarten through high
school knowledge and skills in financial literacy, work readiness,
and entrepreneurship. Additionally, Junior Achievement is expanding
its reach to 18-to-25-year-olds to provide young adults with
critical life skills, as well as to pre-K youth to ensure children
get a solid head start. Today, JA reaches more than 4.4 million
students per year in 102 markets across the United States as part of 12.5 million
students served by operations in more than 100 other countries
worldwide. Junior Achievement USA
is a member of JA Worldwide. For more information,
visit www.ja.org.
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content:https://www.prnewswire.com/news-releases/back-to-school-survey-68-of-teens-would-be-likely-to-take-a-financial-literacy-course-but-only-31-say-such-courses-are-offered-at-school-302208656.html
SOURCE Junior Achievement USA