Once high schoolers go to college, they’ll manage their own money. And without the help of their relatives, what are the chances they will be prepared to do so?
Less than half of all US states have personal finance education requirements in high school, according to this Jump$tart map of State Financial Literacy Requirements. Only four states require a full semester.
If your child or other family members are entering their senior year of high school and you worry about how they’ll manage their money when they head to college, use back-to-school shopping as a trial run for college budgeting. If you’re not the teen’s parent, you may ask the student’s parents to get involved and offer to help administer the exercise.
