Words by Kelsey Matzinger
As students across Jacksonville head back to school, one crucial subject remains notably absent from curriculum — personal finance. In fact, it appears that only 31% of teens actually have access to such courses. It’s unbelievable that school systems are allowing such a big gap to exist despite widespread interest among students and a growing recognition of its necessity in today’s economy.
A recent survey conducted by Junior Achievement (in collaboration with the research firm Big Village) reveals that 68% of teens would likely take a financial literacy course if it were offered to them. The survey, conducted among 1,002 teens aged 13 to 17, highlights a significant demand for financial education that is currently unmet in the U.S. educational system.
The Cost of Financial Illiteracy
The lack of financial literacy is not just a missed educational opportunity; it has tangible economic consequences. According to research from the International Federation of Accountants (IFAC), financial illiteracy among adults costs the United States nearly half a billion dollars annually. This staggering figure underscores the long-term impact of financial education—or the lack thereof—on individuals and the broader economy.
“When you ask adults what they wish they had learned in school but didn’t, it usually involves topics like understanding how money works,” said Shannon Italia, President of Junior Achievement of North Florida. “These findings show that most teens today would like access to this kind of information, but many may not be getting it.”
The Broader Educational Gap
The survey’s findings extend beyond financial literacy. They reveal a broader interest among teens in practical life skills and career preparation. Sixty percent of respondents indicated they would likely take courses in work and career readiness, as well as entrepreneurship, if these were available at their schools. Additionally, 41% expressed interest in courses on paying for college, another critical area where many students feel unprepared.
This demand for practical education reflects a growing awareness among teens that traditional academic subjects alone may not fully equip them for life after graduation. As the job market evolves and the cost of higher education continues to rise, the need for relevant, practical knowledge has never been more critical.
A Call to Action
The findings of this survey serve as a wake-up call for educators, policymakers and parents alike. There is a clear and pressing need to integrate financial literacy and other practical life skills into the standard curriculum. As the economy becomes increasingly complex and the job market more competitive, equipping students with these essential skills is not just an educational imperative — it is an economic necessity.
As the school year begins, it’s time to consider how we can better prepare students for the future. Financial literacy isn’t only about managing money — it’s about empowering young people to make informed decisions that will shape their lives and the world around them. The demand is there; now it’s up to us to meet it.
How Can We Fix This?
We can lobby for our school systems to be proactive making sure 100% of teens in Northeast Florida have access to classes about personal finance. Until that’s achieved, we are fortunate to have Junior Achievement of North Florida addressing this huge gap in our school system’s curricula through its innovative programs, but there is still much work to be done. Expanding access to financial literacy courses and other practical education is critical to ensuring that all students have the opportunity to succeed in life, regardless of their background or circumstances.
JA offers a range of programs designed to equip students from kindergarten through 12th grade, as well as young adults over 18, with essential skills in financial literacy, work and career readiness, and entrepreneurship. These programs are provided at little or no cost to schools, making them accessible to a broad range of students across the country.
Each year, JA programs reach more than 4.4 million students in the United States, providing them with the tools they need to navigate the complexities of the modern economy. By offering these resources, JA plays a crucial role in preparing the next generation for financial independence and career success.
To learn more about Junior Achievement of North Florida, visit janfl.org.
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