Originally posted on EdNet Insight
Written by Dr. Steven Sims, CEO and Founder, The Money Side of Life from brass| MEDIA Inc.
A note from Robyn: I am sharing this article because I care deeply about financial education and I hope you do too. This information is essential, and the message is especially important during these fast-changing times. Please share this article with parents, teachers, friends, and administrators. We must spread the word.
Being a young adult today is difficult. Every generation says that, but consider the current reality facing young people:
Student loan debt is at historic highs. For the first time in more than a century, more young adults live with their parents than live independently. Forbes recently noted that “two-thirds of young adults commit at least one credit fumble (overspending on a credit card, missing payments, or defaulting) before they turn 30.”
Today’s young people have experienced the housing bubble burst, ongoing global conflicts, and the “Great Recession.” Pair that with the rapid growth of technology and the constant flood of information, and it’s understandable why many graduates—college or otherwise—struggle to find jobs that pay well enough to be independent.
There has never been a time when the idea of being “career- and college-ready” mattered more.
In March 2016, Achieve, a nonprofit focused on education reform, published a study on the college and career readiness of U.S. high school graduates and asked a straightforward question: “Are high school graduates prepared for post-secondary success?” Their conclusion was stark:
“Too few high school graduates are prepared to succeed in post-secondary education, the military, and careers.”
Hearing so many people say, “I wish I had learned that in high school,” inspired us to try to change that narrative.