Our nation is experiencing severe financial difficulties in the form of record foreclosures, out of control personal debt, and bankruptcies. This does not have to be the fate of our youth. If we provide them with an institute for financial literacy training as well as resources and a practical financial education program we can help them steer clear of the financial difficulties that are overwhelming so many people. Young adults today have the financial odds stacked against them. Recent studies show high levels of debt, savings shortfalls and the dream of retirement vanishing most people are in a challenging financial position. By giving teenagers an institute for financial literacy training, resources and a practical financial education program it doesn't have to be this way. Most people do not have money saved for retirement. This is of special concern since it is doubtful that social security or pension benefits will be around when today's teenagers and young adults reach retirement age. The National Youth Financial Educators Council concurs with the National Association of State Boards of Education's assessment that states 'most workers are not participating sufficiently enough to allow comfortable retirement'. The solution is giving our teenagers and young adults access to an institute for financial literacy training, as well as an additional practical financial education program. Not only would an institute for financial literacy training and practical financial education program benefit young adults in the long-term; but it will also have considerable positive effects right now. Recent reports from CollegeGrad show that 77% of college graduates are planning to move back home - many are moving back for financial reasons. The Student Monitor report concludes, 62% of college graduates leave school with $27,000+ in debt. Providing them an institute for financial literacy training and a practical financial education program before they move out will help to avoid these problems. Most parents realize the importance of having an institute for financial literacy training, resources and a practical financial education program available for their children. Everyone knows that public high schools do not have an institute for financial literacy training, resources and practical financial education program. So parents it's up to you to provide your children with the financial education programs and have a place in your home that can act as an institute for financial literacy training. High schools have taught the same subjects for many years and financial education 101 is not one of them at this time. This problem is compounded by the fact that most youth learn about money from their parents. There are many parents that never received and often pass bad habits to their kids. The lack of an institute for financial literacy training and practical financial education program causes a snowball effect. The money habits that children pick up from their parents will profoundly effect their financial lives. The financial skills they could have gained in an institute for financial literacy training center or through a practical financial education program could have made a big impact in their lives. Right now is a crucial time to get your children involved in an institute for financial literacy training center or through a practical financial education program. In addition, there are many financial education resources available to train our youth that will give them the financial advantages we lacked.
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