The aim of the 2012 Junior Achievement USA®/Allstate Foundation “Teens and Personal Finance” survey is to understand U.S. teenagers’ views and behaviors around personal finances and money management. This survey, which is being released in recognition of National Financial Literacy Month, highlights that this is the first generation of U.S. teens who think they may not be as financially well-off as their parents1. Teens are aware of the impact the economy has had on their families and their own futures—and they are changing their dreams as a result. It is important to be realistic, but at the same time, it’s also important to dream big—because if youth can’t do it now, when will they ever be able to?
According to the survey, the overwhelming majority of teens—86 percent—still look to their parents for information on how to manage their money, making it vital for parents to have family discussions around money management. And parents do not have to do it alone. Junior Achievement (JA) is committed to preparing students from kindergarten through high school for success. Junior Achievement—with the support of partners like The Allstate Foundation—is dedicated to giving today’s teens the skills, knowledge and confidence they need to succeed in a global economy. Although teens may have concerns about their ability to achieve financial freedom in their twenties, Junior Achievement is even more committed to helping all students reclaim their future and to keep dreaming big.