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In response to the economic downturn, Young Money is providing financial literacy packages for universities, businesses, and credit unions.
Financial literacy in the U.S. has become a national crisis. With limited instruction in personal finance and growing pressures from credit card and student loan debt and general living expenses, many young adults are overwhelmed by their financial challenges.
The typical college student has accumulated a student loan debt of $19,646, according to a 2007 analysis by The Project for Student Debt. Research shows a correlation between financial wellness and high worker productivity. Financial wellness leads to higher attendance, higher performance ratings, fewer personal financial challenges, and consistent increases in job productivity. (Joo, 1998)
“In the worst cases, bad financial practices can eventually lead to broken marriages, families and futures.”
Senator Michael B. Enzi (R-WY)