Teach Your Children: Teens Need to Master Financial Literacy

“Teach Your Children,” Crosby, Stills Nash and Young sang in 1969. The title resonates 50 years later when it comes to financial literacy.

A new report says that American teenagers are sold on the American Dream — but they seem to have no idea how to pay for it.

A Junior Achievement/Fannie Mae survey shows the vast majority (88%) of US teenagers aspire to own a home someday, but report significant financial and homeownership knowledge gaps.

The survey also says that 85% of teens believe owning a home is part of “the good life,” compared with 87% of adults, based on Fannie Mae’s Q4 2020 National Housing Survey.

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