"Financial education paves the way for smarter decision-making and encourage individuals to learn how to use credit wisely, save, invest
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and plan for the future."
Donald L. Robinson, MBA
Financial Literacy in America is a must! Unfortunately, prudent financial management is not being properly taught to our American youth. According to the Family Financial Literacy project, 60% of middle school students do not know the difference between cash, credit cards and checks. Many 12-year-olds do not know credit cards are a form of borrowing, and almost 40% of 12-year-olds do not know that banks charge interest on loans. According to the National Center on Economic Education, only 57% of adults surveyed demonstrated an “average” knowledge of basic economics. Only 48% of high school students surveyed demonstrated an “average” knowledge. Considering that 60% of U.S. households use some amount of credit, it becomes increasing important that educational opportunities are provided for young people to learn the key concepts of financial management and the consequences of poor money management practices. 
According to American Consumer Credit Counseling, the credit card debt in the United States of America (2002) was $60 billion. America has become a debtor nation. Americans are not practicing financial responsibility. The credit card debt carried by the average American is $8,562. In 2001, Americans paid $50 billion in total finance charges. And in 2003, 1.3 million credit card holders declared bankruptcy. Our young Americans are not being prepared to overcome this debtor behavior.
SkillsThatClick.com provides an outstanding and personalized tool for helping our young people learn these skills and more importantly recognize the value of money management.
