According to JumpStart Coalition for Personal Financial Literacy, recent surveys indicate that students are still confused about financial issues and many do not understand basic principles regarding saving and investing their money. In a biennial survey conducted in 2008, high school seniors scored lower than their 2006 counterparts in a national test of financial literacy. Fewer than half correctly answered questions about the best way to save for emergencies, the safety of various savings options, and the impact of inflation, taxes, and finance charges on wealth development. Savings and Investment Information for Teens, Second Edition provides updated information to help today's young adults learn how to develop the habit of saving money and investing for the future. It explains how the economy works and how factors such as interest rates and inflation impact personal wealth. It offers practical suggestions for developing a financial plan, and it describes the risks and rewards associated with bank accounts, stocks, bonds, and mutual funds. The book concludes with a directory of resources for additional information and suggestions for further reading.
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