FAIRFAX, Va.–High school students are confident in their ability to handle money even if uncertain about what the future economy might hold, according to a survey conducted by Apple Federal Credit Union.
Apple Federal surveyed 4,240 students from Northern Virginia high schools and found them to be confident in creating a budget, knowing how to avoid credit card debt, investing money and understanding different options for saving and investing money.
At the beginning of the course, Hughes said, students are surveyed about their financial literacy, with the results often poor, with some scores falling to 50%. When students are tested at the end of the semester, however, scores rarely drop below 80%.
The survey found that while most students are confident about money, they also worry about their future, with most looking beyond material items and focusing on college tuition, job searching and paying rent.
The students even expressed some worries over what might seem like faraway issues, such as retirement, with 75% disagreeing that saving for retirement could wait until their 40s or 50s.