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Saturday, November 23, 2024   
 

Survey Results: Financial Education
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Scott Bilker This survey originally ran in the 1/16/02 DebtSmart Email Newsletter.

Did you have any class in high school that covered personal finances?

78.7% of respondents said No
21.3% of respondents said Yes

If yes, then do you remember that class covering credit cards and other types of lending?

29.03% of respondents said No
6.45% of respondents said Yes

Do you think you completely understand how interest is charged on loans?

41.94% of respondents said No
58.06% of respondents said Yes

Do you think public schools should have a required course for personal finance?

3.23% of respondents said No
96.77% of respondents said Yes

Do you believe that high school kids would actually care about learning how to manage their money?

29.03% of respondents said No
70.97% of respondents said Yes

What do you think about allowing high school kids to use credit cards?

35.48% of respondents said "Are you out of your mind!"
22.58% of respondents said "Bad Idea"
41.94% of respondents said "Ok, under controlled conditions"

What do you Think?
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