Growing Teen Participation in Financial Literacy Programs Reveals Significant Learning Gaps

Increased Teen Engagement in Financial Literacy Programs

According to a recent study by Junior Achievement and MissionSquare Foundation, a marked rise in the number of high school students participating in financial literacy programs has been observed. The survey, which included teenagers aged 13 to 18, indicated that 45% of high school students have engaged in a personal finance or financial literacy course as of early 2025. This figure represents a significant increase from 31% reported in 2024. This upward trend is encouraging, yet it also raises concerns regarding the depth and effectiveness of the knowledge imparted through these programs.

Key Findings of the Survey

Despite the increase in participation, the survey revealed several concerning gaps in students' financial understanding:

- Retirement Savings Perception: 68% of teens believe that saving for retirement is a concern for later in life, indicating a lack of urgency in financial planning.
- Debt Management Understanding: Alarmingly, 43% of teens think that an 18% interest rate on debt is manageable, which reflects a notable misunderstanding of financial liabilities.
- Awareness of Credit Scores: A staggering 80% of respondents reported having little to no understanding of FICO credit scores, highlighting a critical gap in foundational financial education.
- Future Financial Security Fears: 42% expressed fear about their capability to amass sufficient finances for future needs and aspirations, underscoring the anxiety surrounding financial literacy.
- Investment Strategies: When it comes to investing, teens showed a preference for relatively basic strategies such as savings accounts and cash storage, as opposed to more sophisticated investment vehicles.

While 64% of teens who took financial literacy courses reported them as