This post first appeared on RightAboutMoney.com
A new study from the latest round of the Program for International Student Assessment (PISA) confirms–again–what the organization concluded in its last study in 2012: Our teens are not smart about money. The National Center for Education Statistics (NCES) concludes that 22%, or one in five, U.S. 15-year-old students continue to lack basic financial literacy skills.
This study and others like it fall into the category of confirming the obvious. We have proven there is a global financial education void time and time again. Simply banging the drum may be helpful in heightening awareness. But it does not address solutions, and solutions are what we need to be spending our time and resources searching for.