American Public Education Foundation
Vision 2020 Report Card

© 2019 American Public Education Foundation

 

1135 Halle Park Circle | Collierville, TN 38017
 

The American Public Education Foundation is not affiliated with American Public Education, Inc. (APEI)

FINANCIAL ILLITERACY:

AN AMERICAN EPIDEMIC

Our nation is rapidly sinking into a sea of

debt and financial dependency.

And the crisis is growing.

THE SYMPTOMS

Accumulating
Oppressive

Debt

Misusing
and Abusing
Credit Cards

 

Inadequate or
Non-Existent

Savings

THE RESULTS

Increased

Bankruptcy Filings

Overdependence on Government

No Retirement

Savings

 

HOW DO WE SOLVE THIS EPIDEMIC?

It starts with educating our children
in the classroom.

The consequences of financial illiteracy manifest themselves throughout our society.

 

This national crisis may seem daunting and, at times, impossible to overcome, but the American Public Education Foundation thinks otherwise.

 

We believe financial literacy begins in the classroom at the earliest ages.

 

Together, we can embrace our responsibility to prepare the next generation for learning, for leadership, and for life, and change the course of their future.

THE UNCOMFORTABLE TRUTH OF

FINANCIAL ILLITERACY

1.

16% of suicides in the US occur in response to a financial problem

3.

The U.S. ranks 14th in the world for percentage of financially literate adults

4.

High school seniors scored an average of 48% correct on a financial literacy exam

5.

Four out of five adults say they were never given an opportunity to learn about personal finance

6.

Only 16% of Americans from ages 18 to 26 are “very optimistic” about their financial future

7.

Only 1 out of 3 college students believe they will graduate with the skills and knowledge necessary to be successful in the workplace

8.

Financial illiteracy cost Americans more then $295 billion in 2018

Click the numbers below for references to statistics:

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8

 

MAPPING OUT FINANCIAL LITERACY

The American Public Education Foundation’s Vision 2020 Financial Literacy Report Card grades each state in the United States, and the District of Columbia, in terms of K-12 financial education. These grades are based on current state-wide requirements, standards, and curriculum for personal finance.

Washington D.C.

Washington D.C.

GRADING KEY

 

Fixing the problem begins with taking an honest look at where we stand with financial education.

LIST VIEW OF STATES' GRADES

 In order to achieve financially literate high school graduates, a state should have personal finance components embedded into K-12 standards, for each grade, and should ensure that each high school graduate has successfully completed a personal finance-specific course near the end of their secondary school career.

American Public Education Foundation
Vision 2020 Report Card

ABOUT THIS INITIATIVE

The American Public Education Foundation has made financial literacy one of its core focuses over the next decade. With the Vision 2020 Report Card initiative, our foundation is putting a spotlight on financial education in the classroom.

 

Our goal is to help ensure our next generation is prepared to handle their finances smartly, avoid debt, better understand our economy, and learn to make good decisions about their life and money.

 

DOWNLOAD THE NATION'S REPORT CARD

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