Just half of teenagers in a new Junior Achievement financial literacy survey list becoming financially independent of their parents as one of their future goals.
While that fact may give parents a moment of shock and concern, it can relate to increasing student loan debt and a weak job market in the past 10 years, said Ashley Charest, president of JA of Kansas. Teens watched as the young adults now in their 20s and 30s struggled after the economic recession with high debt and few job opportunities, and they expect the same challenges in their future.
Three-quarters of teens surveyed in the 2018 JA Teens Personal Finance Survey, which JA conducted with finance and insurance company AIG, cited a future goal of graduating from college, and 50 percent said they will create a savings plan. They are worried about paying for college (54 percent), finding a fulfilling and well-paying job (52 percent), not being able to afford their own home (49 percent) and not having the skills to manage money (42 percent).
To read full story visit http://www.cjonline.com/news/20180412/junior-achievement-survey-measures-teens-financial-concerns