CEE in the News: Why Teens Fail at Managing Money

POSTED: January 7, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , , ,

CEE’s Survey of the States is often referenced in articles such as this one from MSN Money, ‘Why Teens Fail at Managing Money.’ Findings from the Survey show that over the last two years, economics and personal finance requirements to graduate high school are slowing and in some cases moving backwards.

Today’s student loan debt is more than the national credit card debt, and if students continue to graduate high school and college without financial literacy, both numbers could continue to climb exponentially.

Read the complete story here, and leave your comments below.

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Comments (40)

  • i believe if you want people to learn more about managing money then you shuld make them required to take the test or they cant past

    POSTED: January 10, 2013 | BY: E'LON

  • I think the reason why teens fail at managing money. Because they think its free money but its not you have to pay it back and pay the intrest fee.

    POSTED: January 10, 2013 | BY: Chris

  • I agree, students need to learn finances in order to be sucessful in the real world after high school.

    POSTED: January 10, 2013 | BY: Amy

  • i think the US should require high school students to take a personal-finance class to graduate high school because when they get in the real world they dont know whats goin on.

    POSTED: January 10, 2013 | BY: erick

  • i feel as though this whole recession and the impact it has left on the econom is caused by over eager banks, as well as people who took loans out the couldnt keep, an thats why personal finance education is key in todays high schoolers

    POSTED: January 10, 2013 | BY: Brandon the magical android

  • i believe because us as teens don’t get much informations about the topic.

    POSTED: January 10, 2013 | BY: Selena

  • this is because parents are too fast too do everything for them.

    POSTED: January 10, 2013 | BY: delexus

  • Many teens have no idea of saving money or any financial experience, I believe thats why we fail at managing money. When us teens have money, the first thing we want to do is spend it on things we want and we don’t think about saving it. Then when we do need money for something important, we don’t have it because we spent all the money. It slowly will teach us a lesson. Thats why I believe we fail at managing money. When we have our own money, we spend it.

    POSTED: January 10, 2013 | BY: Jessica

  • Having access to a financial learning experience would be beneficial for many students, including myself. What is the point in learning all of these Math and English concepts when we aren’t fully capable of incorprating them in our every day lives? I believe that classes based on financing and budgeting would help our generation learn efficient ways to keep track of our money.

    POSTED: January 10, 2013 | BY: Alyssa

  • All schools should enforce financial classes for students to learn about how to save money or else they’re going to be financially ruined in the future.

    POSTED: January 10, 2013 | BY: Ruben

  • i believe students should save a little money before they join a school. students should have a plan on bugeting money so when they graduate school they wont have to spend all there time paying back on college.

    POSTED: January 10, 2013 | BY: chellane

  • i think the reason why teens fail at managing money is there use to spending money right after they get it and not even try to save they just wanna buy things they want

    POSTED: January 10, 2013 | BY: Bradius

  • I Think That High School Students should Learn About Financial Things In School So They CAn Have a better understanding on when they get out of school.

    POSTED: January 10, 2013 | BY: shakerria

  • teens really don’t focus on financial problems yet cause they are young.

    POSTED: January 10, 2013 | BY: Anthony

  • I feel that all student’s should take a finance class so they are prepared for mangaging money in the future. If there clueless after they graduate high school then they could put themselves in a serious debt that could be life long. I’m pretty sure teens wouldn’t want one mistake to effect there whole lives, and if they knew what to do and expect then they would be safe from debt. Which is always good,

    POSTED: January 10, 2013 | BY: Laura

  • I think kids should stay in school becuz when they get out of school they will not know what to do and they will have to stay with ther mom and dad and they will have trobel in there jobs and they stay on ther cellphone all the time but they should be on ther phone onec aweek so they just do there work and homework and there school work they have to do what’s right for them.

    POSTED: January 10, 2013 | BY: jess

  • The parents are responsible for the teenagers to go to school. If they don’t get an education, then they don’t know what they’re doing for their future.

    POSTED: January 10, 2013 | BY: Maria

  • I decided to take a class exactly for this reason. i want to learn how to manage my own money and not have to be in debt like other high school graduates.

    POSTED: January 10, 2013 | BY: Christina

  • At first I was skeptical reading this but it made me realize that i don’t even now how to wrtie a check. Quite an eye opener.

    POSTED: January 10, 2013 | BY: Saul

  • I believe that students should be required to take a finance class so that they don’t have financial troubles once they graduate and enter the real world.

    POSTED: January 10, 2013 | BY: Jessica

  • I agree, nearly 84% of the high school students prefer taking a financial class instead of making a mistake out there in the real life. Students should take a financial class in order to graduate in order to not get into an other recession.

    POSTED: January 10, 2013 | BY: Armando

  • Yes,It’s showing us High School student how to manage are money and checks for when we graduate and know what we need to do to save are money for the things we really need in life to make it

    POSTED: January 10, 2013 | BY: CarTavis Simon

  • It’s true that teens aren’t very good with managing money, but they don’t “Fail” at it. The real “Failure” is that parents and schools in this country haven’t taken the time to make programs or sit down with them to teach them how to manage their money.

    POSTED: January 10, 2013 | BY: Angel

  • Parents want us to be wealthy but forget that they wont always be there for us so we need to be tought somewhere and both in school and at home will help us all for the future

    POSTED: January 10, 2013 | BY: Garrison

  • I think more school should have classes to teach teens how to manage money.

    POSTED: January 10, 2013 | BY: Mayra

  • i believe that teens have problems with money management beause they were uneducated about things such as money management and how to balance themselves.they have very recently made a class in high school to teach students about money management.i also believe that half of it has to do with the parents nottaking the time to really talk to their children about money management.

    POSTED: January 10, 2013 | BY: Marisha

  • All students should be required to take a financial class to graduate. Just like math, it is a daily way of living. So it is important for students to learn how to manage money.

    POSTED: January 10, 2013 | BY: joena

  • i think they are right because i know people that are in debt and it’s because they never learned how to manage their money. they waste the money they have and forget about their dues.

    POSTED: January 10, 2013 | BY: edgar

  • I agree that teens dont know how to manage money and that is a big problem. To solve that the state should required a Personal-Finance class. Its would help a lot when teens enter adulthood.

    POSTED: January 10, 2013 | BY: zlankerper

  • in my honest opionon i believe that us teens arent ready for the real world is because we don know anything about managing money. the reason is beacause no one teaches us not our school or parents

    POSTED: January 10, 2013 | BY: itzamary

  • I think parents should make it their prioritie to teach there kids about managing money, it’ll save alot of problems..

    POSTED: January 10, 2013 | BY: Terrence

  • the thought that someone other people research that and say that most parents doesnt teach us and tell us about finance and budgeting isnt true. Most of my friends and the people i no in life have been tought by there parents are successful. and just because you put a class in schools doesnt mean anything kids would rather hear it from their parents that they trust and love rather than a random stranger they barely even know.

    POSTED: January 10, 2013 | BY: Robert

  • I think the article is right about teens not knowing how to manage money. Because its true that we don’t have many classes that really focus on money and financing.

    POSTED: January 10, 2013 | BY: sara

  • Students should take advantage of the classes they have to learn to manage there money, something there parents didnt have

    POSTED: January 10, 2013 | BY: Jonathan

  • I think the idea of having a personal-finance class would be very beneficial to high school students all across America. What’s the point of having Math and English classes when they’re not even teaching us how to apply it in the real world?

    POSTED: January 10, 2013 | BY: Bertha

  • CommentI agree on the statement that all highschool students should be required to take a finance class at some poin because everyone is going to have to know how to handle money someday., but not everyone is goint to need science.

    POSTED: January 10, 2013 | BY: NameAyanna

  • I believe students should be required to a money managing class in school not only that but parents should teach them as well

    POSTED: January 10, 2013 | BY: Austin

  • We as teens, dont’t really focus on financial problems. We have facebook and twitter that we use, we are still youg. we don’t really watch what things we pay for.

    POSTED: January 10, 2013 | BY: Tim

  • Most adolescents these days are too sucked into their phones and facebook pages and twitter followers to have a clue what is going on in the reality part of the world, most don’t even watch the news daily to know what really goes down.I watch the news daily with my parents and i have ever since i was in elementary school 4th grade to now and i am in 12th grade now.Yet parents will give little sally that’s been handed everything to her since day one a car and expects them to know how to manage it and appreciate it with out knowing the financial issue in actually working to get what you want.Tisk.

    POSTED: January 10, 2013 | BY: Haley

  • schools should prioritize in helping the students manage there money. As they are our future adults and will be running our economic society it is important that they know how to manage financially in there own lives as well as obtain skills that will help in there later adult life.

    POSTED: January 10, 2013 | BY: rebecca atala

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