Economical & Taxes Policy
Youth Advisory Council to the Financial Literacy Commission
Financial literacy is crucial for American youth as they increasingly participate in the economy, but currently, only a quarter of high school students receive guaranteed personal finance education, leading to significant gaps in financial knowledge - 1 in 5 US students lack basic personal finance skills. Research shows that financial literacy classes offer substantial lifetime benefits, yet inconsistent state policies, limited resources and a general a lack of focus in the department of youth financial literacy hinder widespread implementation. To address this, the American Youth Association proposes a student advisory council for the Financial Literacy and Education Commission so that young Americans have an active role in the process of building a stronger financial literacy foundation for youth across the country. This council is the optimal and crucial path forward in better preparing the country’s next generation in basic finance and economics.
