High schoolers who have a credit card will graduate with an average debt of $1,585, according to research by student loan provider Sallie Mae. The Organization for Economic Cooperation and Development found that 60 percent of 15-year-old Americans are not financially literate on the basics of handling money.
As more financial planners, including nationally known finance education provider David Ramsey, are calling for people to start investing earlier in life, many young people are unprepared to take the first steps.
Read the full article in the June 21 issue of Navarre Press.
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