|
|
Financial Literacy
The following statistics were published in a white paper report of a 2002 symposium entitled Financial Literacy in America sponsored by The National Endowment for Financial Education.
- From 1990 to 2000, the rate of personal bankruptcy in the United States rose by 69 percent. It appears this trend will continue, supported by recent statistics showing a 19.2 percent increase between 2000 and 2001.
- High school seniors taking part in a 2002 national survey of financial knowledge, sponsored by the Jump$tart Coalition for Personal Finance, scored an average of 50.2 percent-a failing grade. Scores have been declining since the first survey was administered in 1997.
- The United States reportedly has the lowest individual savings rate in the industrialized world.
- In 2001, an AARP survey of older baby boomers (age 51-59) showed that nearly 40 percent were not confident about a secure retirement.
|
|
