Written by North Capital Administrator

Teen Financial Literacy

20% of U.S. students do not meet baseline levels for financial literacy proficiency, according to the PISA 2015 Financial Literacy assessment.

Only 10% are considered “top performers” capable of analyzing complex financial products and problems.  Teens who had a bank account scored better, on average, than those who did not, and if they had  a savings account the result was better still.  “The beauty of starting with a savings account is, it’s teaching them to make deposits and watch that balance go up,” writes Greg McBride, Chief Financial Analyst, at Bankrate.com.  Read the full report at CNBC.com.