DebtSmart.com Sunday, January 17, 2021

Financial Literacy Statistics

by Scott Bilker
Scott Bilker Scott Bilker is the founder of DebtSmart.com and author of the best-selling books, Talk Your Way Out of Credit Card DebtCredit Card and Debt Management, and How to be more Credit Card and Debt Smart. Receive the 5-Year Loan Spreadsheet when you subscribe to his email newsletter.

The below compilation of statistics comes from the Washington State Department of Financial Institutions.

American Children, Teenagers and Young Adults:

American Families:

College Students:

Bankruptcies, Defaults, and Foreclosures:

Financial Literacy Education:

Sources:

(1) Jump$tart Coalition, 2005
(2) Junior Achievement, 2005
(3) Generation Broke: The Growth of Debt Among Young Americans
(4) Harris Interactive, 2003
(5) Share-Save-Spend.com
(6) Fort Worth Business Press 2002
(7) Oversight Hearing on Financial Education and Literacy, 2004
(8) MyVesta 2002
(9) U.S. Commerce Department, 2006
(10) Cardweb.com, 2005
(11) Utah Mentor, 2003
(12) Richmond Credit Abuse Resistant Education (CARE) Program
(13) U.S. Department of the Treasury
(14) Annual Hawaii Economic and Financial Literacy Conference, 2004
(15) Senate Resolution 48, 2003
(16) National Council on Economic Education, 2003