Most teenagers are not learning about personal finance in school, according to an annual survey on financial literacy. Only five states require a personal finance course as a high school graduation requirement. Our guest this week says that needs to change. Teens increasingly rely on loans to pay for college, and they are easy targets for credit card companies as soon as they turn 18.
Chris Farrell, senior economics contributor at APM’s Marketplace, says learning the basics of personal finance can help students avoid being prey to aggressive lenders and make smart money decisions throughout their lives.