One in six U.S. students failed to reach the baseline level of proficiency in financial literacy, and overall, American students fall in the middle of the pack globally, performing on average just behind Latvia and just ahead of Russia. In 2016 survey, Connecticut ranks near the bottom for financial literacy in the U.S. with the state continues to receive an “F” from the Center for Financial Literacy. Republican state Sen. L. Scott Frantz said, “you have generations of kids graduating without a clue about managing their personal finances. It doesn’t have to be anything more sophisticated than how to balance a checkbook, understanding a credit card and interest rates, being aware of the marketing tactics that credit card institutions use. It’s an area that we need to improve upon significantly going forward.”
U.S. Students Are Failing Financial Literacy
