Survey: US Teens Struggle with Financial Literacy
Wisconsin's Senate is expected to take up legislation this fall requiring high school students to receive financial literacy education before they graduate.
Currently, only a minority of states require such education.
That squares with new data collected by Milwaukee-based organization, SecureFutures. The group commissioned a study of some 500 teens around the country about their own finances and how they learn about money management.
"There are still thousands of teens in this state and thousands upon thousands across the country that are getting nothing. We are not giving them a fair shot entering adulthood, and I really believe they are being set up for failure," says Brenda Campbell, president and CEO of Securefutures.