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College costs and lack of money knowledge weigh heavily on U.S. teens

April 21, 2021


A majority of American teenagers believe that one of the biggest challenges to achieving financial success is the cost of higher education, a survey from Junior Achievement finds.

They are also concerned about a general lack of understanding of how money, investing and the economy works, with 46% citing it as a major barrier to financial security. Other challenges include gender and racial pay gaps (45%) and unequal education (42%).

Overall, 51% said they don’t believe everyone is presented with equal opportunities to achieve financial success.

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