Prepare kids with financial literacy

We all want to raise financially responsible children — but we can do a better job.

Many U.S. kids are financially illiterate

Many U.S. kids are financially illiterate

   

Our kids have to deal with real money issues as adults, but they aren't prepared

Our kids have to deal with real money issues as adults, but they aren't prepared

   

Money issues follow them into retirement

Money issues follow them into retirement

So what can you do? Where do you start?

So what can you do? Where do you start?

     

1Musu-Gillette, Lauren. “How Financially Literate Are U.S. 15-Year-Olds?” NCES Blog, National Center for Education Statistics, 24 May 2017, nces.ed.gov/blogs/nces/post/how-financially-literate-are-u-s-15-year-olds.

2“Test Your Knowledge with the NFEC's National Financial Literacy Test.” National Financial Literacy Test Results, National Financial Educators Council, 2018, www.financialeducatorscouncil.org/national-financial-literacy-test/.

3“A Look at the Shocking Student Loan Debt Statistics for 2018.” Student Loan Hero, Student Loan Hero, 1 May 2018, studentloanhero.com/student-loan-debt-statistics/.

4“2017 Lincoln Retirement Power® Participant Study.” Retirement Plan Services, Lincoln Financial Group, 2017, http://newsroom.lfg.com/sites/lfg.newshq.businesswire.com/files/doc_library/file/06.08.17.V2.RetirementPower.SourcedDeck.pdf.

5“2017 Lincoln Retirement Power® Participant Study.” Retirement Plan Services, Lincoln Financial Group, 2017, http://newsroom.lfg.com/sites/lfg.newshq.businesswire.com/files/doc_library/file/06.08.17.V2.RetirementPower.SourcedDeck.pdf.

6Dickler, Jessica. “Credit Card Debt Hits a Record High. It's Time to Make a Payoff Plan.” CNBC, CNBC, 23 Jan. 2018, www.cnbc.com/2018/01/23/credit-card-debt-hits-record-high.html.

7Josephson, Amelia. “Average Retirement Savings: Are You Normal?” SmartAsset, SmartAsset, 4 June 2018, smartasset.com/retirement/average-retirement-savings-are-you-normal.

8“2017 Lincoln Retirement Power® Participant Study.” Retirement Plan Services, Lincoln Financial Group, 2017, http://newsroom.lfg.com/sites/lfg.newshq.businesswire.com/files/doc_library/file/06.08.17.V2.RetirementPower.SourcedDeck.pdf.