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Insight of the Day: American teens stressed about their parents’ finances and their own

Here's a summary of the article about American teens and financial stress:

  • Teens are stressed about money: A survey by Junior Achievement and Citizens Financial found that 78% of American teens are stressed about money.

  • Family finances a concern: This stress is likely due to witnessing the financial challenges their parents or caregivers face, with half of the teens surveyed reporting worry about their parents' ability to pay bills.

  • Teens want to learn more: Despite the stress, the survey shows a positive side - 80% of teens believe learning more about managing money would improve their lives, and 73% would take a financial management course if offered.

  • Financial literacy gap exists: Only 40% of teens have received financial education in school, highlighting a need for improvement in financial literacy programs.

  • Importance of financial literacy: The article emphasizes the importance of financial literacy education to address teens' concerns and prepare them for their financial future.

  • Investment in financial education:  Citizens Financial Group's grant to Junior Achievement USA is mentioned as an example of efforts to improve financial literacy education.

Overall, the article highlights the financial stress many American teens experience due to their family's circumstances. However, it also finds a positive trend in their willingness to learn more about money management.

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