COVID-19 has significantly impacted how teens are thinking about their financial futures, prompting 25 percent of 2020 high school graduates to delay their college plans in the face of reduced financial support from parents and guardians because of the pandemic, according to a new survey from Junior Achievement (JA) and Citizens.
The financial impact and pressure brought by COVID-19 are weighing heavily on American teenagers, with more than two-thirds of teens (69%) saying they are either somewhat or very concerned about the impact of the pandemic on their families and day-to-day lives, according to a new survey by Junior Achievement USA (JA) and Citizens Bank.
According to a recent survey, 93 percent of teens believe economics education is "important," yet struggle with basic concepts like "supply and demand" and the role of the Federal Reserve. The survey of 1,000 teens between the ages of 13 and 18 was conducted by Wakefield Research for Junior Achievement USA (JA) and the Charles Koch Foundation in support of the launch of a new JA Economics® program.
A new survey by Junior Achievement (JA) and Citizens Bank shows that 63 percent of teens believe they will be financially independent of their parents by the age of 30, meaning that more than a third of teens surveyed do not hold this belief. The survey is being released in conjunction with Financial Literacy Month, which is April.
