Average American teen spends $107 per week
Today, the launch of ‘Smart Money Week “- a national effort for the promotion of young, better money manager. JoAnne Kuster, Chair of Smart Money week in Iowa, according to the most recent data shows the average American teenager from $ 107 per week. “Many young people do not know what to do with a dollar, if not to spend,” she says.
According to Kuster, most American adolescents lack of good habits when it comes to finances. “They do not know how to use credit cards, buy a car, you get a credit, investment, savings, insurance or get started in the retirement benefits,” said Kuster. “Too bad Iowa success Economic depends on them. ”
Kuster and offers a support group “financial literacy” from the list of skills that are taught in Iowa schools. “Only one third of young people know how to make a statement of account, balance a check book and pay bills. Nearly one person in five has no idea how to invest,” said Kuster. ” Package statistics with the fact that two-thirds of Americans spend $ 1.22 $ 1 for each they are, and it is not a beautiful sight. ”
Kuster calls seeking a teenager quality-improving the management capacity of less than 10 hours after the personal financial training. Smart Money launched the 5th week in April and ends on 12.
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