It's never too early to teach kids the right way to handle money.
Since 1992, Dave Ramsey's organization has been helping adults gain control of their financial situations. After walking hundreds of thousands of people down the path to financial peace, we noticed a common regret couched in the question, “Why didn’t I learn this sooner?”
We will continue educating and empowering adults to change their money stresses into successes, but our vision is broader. We want to change things for the next generation. To solve this problem, we created products to grow children and teens into educated, empowered, financially fit adults that live debt-free and in control from the start!
The Statistics Are Staggering
- 19% of Americans between the ages of 18-24 declared bankruptcy in 2001.
- USA Today, 2001
- The fastest growing group of bankruptcy filers are those people who are 25 years of age or younger.
- Senate Committee on Banking, Housing and Urban Affairs, 2002
- Over 80% of undergraduates have at least one credit card and nearly 50% of college graduates carry four or more credit cards. According to the Department of Education, the average balance carried by these students is more than $3,000.
- Senator Chris Dodd, CT
- 68.1% of high school seniors surveyed failed a basic financial survey, up from 52.1% in 2001, and only 10% scored a "C" or better.
-Jump$tart Coalition for Personal Financial Literacy, Annual Summary, 2002
- Nearly half of college-age adults (49%) said they believe they are more likely to become millionaires by starring in a reality TV series than by learning how to budget and save wisely (36%).
-Visa USA, 2003
- Persons entering college are offered an average of 8 credit cards in their FIRST WEEK of school.
- Jump$tart Coalition for Personal Financial Literacy, Annual Summary, 2002
- 83% of adults are unaware of the resources available to help them teach children practical money skills.
- Visa USA, 2003
Check out Dave's tools for tomorrow's millionaires
Why You Should Teach Your Kids About Money
The Truth About Teens And Credit Cards