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Atlanta Youth Empowerment Series, Inc. is a not-for-profit organization that provides financial literacy, career development, and entrepreneurship education for youth. Educate ~ Empower ~ Encourage Learn more about us
WHY FINANCIAL LITERACY?
Almost half of all parents say they don’t set a good example when it comes to handling their own money and are not capable of properly teaching their children 57% of parents say most kids do not understand the value of money American children, teens and young adults earned about $211 billion in 2003 In 2003, Teens spent $175 billion, averaging $103 per week In 2003, 8-to-14-years-olds, so-called “tweens”, spent $39 billion 64% of consumers ages 18 to 24 don't even know the interest rates they pay on their credit cards The fastest growing group declaring bankruptcy is adults age 20 to 24 More people last year filed for bankruptcy than graduated from college For more about what Americans are doing with their money, click the link below. Importance of Financial Literacy (click on Personal Financial Statistics - 2004) According to the JumpStart Coalition's 2004 personal financial survey, America's high school students are failing in financial management skills and education. To see the results of this survey, click below. (click on 2004 Personal Financial Survey of High School Seniors Executive Summary) For a copy of the survey or more survey results go to www.jumpstart.org.
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