By Kelley Holland
You know your teens can be illogical, unreasonable, and occasionally malodorous, but isn’t it at least reasonable to assume they know the basics about money?
Apparently not. Surveys show that teens are failing at financial literacy. And while financial institutions like PricewaterhouseCoopers are investing significant resources in changing that, the problem is persisting.
From those in a position to know best — personal finance and business education teachers — here are some of the most gaping holes in teens’ money knowledge.
1. Bank account basics
“My students had no idea how to figure out online banking,” said Keith Newman, a personal finance teacher at Bodine High School for International Affairs in Philadelphia. Part of the problem, he said, is that there are no high-quality, up-to-date teaching tools to help students learn about bank accounts, so he is hoping to take his students to a bank to open accounts and…
View original post 416 more words