In 2014, the Organisation for Economic Co-operation and Development (OECD) found that American teenagers have below average financial literacy when compared to teens in other countries. The OECD tested 29,000 students in 18 countries, and the U.S. teens fell between eighth and twelfth place on the list.
According to the study, 1 in 6 American students do not reach the baseline level of financial literacy, and many of them could only recognize the simplest financial ideas. Which is a problem, because balancing a checkbook, maintaining a credit card, and saving money are all important skills for college-bound teens.
Want to test your financial know-how? Take the quiz to find out if you have what it takes to manage your money, and share your results in the comments!
i got 0
i got 1 out of 11