In 2016, a report by Bank of America demonstrated an alarming statistic: Only 16% of millennials age 18-26 were optimistic about their financial futures. In the same year, Fortune published an article stating two in three Americans can’t pass a basic financial literacy test.
A year later, Vince Shorb, one of the country’s leading advocates for promoting financial literacy and a thought leader in teaching and scaling financial education programming, asked 1,100 young adults age 18-24 what high-school-level course would benefit their life the most. Over 50% responded “money management.”
