The 2016 Report: Adult Financial Literacy published by Champlain College in Burlington, VT, grades each state on its financial literacy. You can click on your state online to find a final grade and report card.
Image of a clickable map on the Champlain College website.
This second image is of the grades given to the state of Virginia. One wonders if the researchers divided the state into the rural horseshoe regions, where adult literacy statistics place those regions at the bottom 5 of our states, and into northern-central-Hampton Roads/Virginia Beach areas of the state, if the grades would change significantly.
Click on this link to enter the web page on the National Report Card on Adult Financial Literacy at Champlain College.
On this page find:
- The Case for Financial Literacy
- State Final Grades: Population and State Percentage
- In the Media
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On this page you can also download two resources:
The National Financial Educators Council offers recent statistics about financial literacy in the United States. Sample stats include:
- Students between the ages fifteen to twenty-one report that they feel unprepared to face the complex world of the twenty-first Century (American Dream Education Campaign)
- The majorities of educators were not giving a financial education course and feel unprepared to teach the subject. Many lack the confidence to teach it to students. (“Taking Ownership of the Future,” Financial Literacy and Education Committee, 2006)
- Research indicates that people who have had financial education participate more often in retirement programs, make larger contributions to the program and have a much higher savings rate than others. (“Integrating Financial Education into School Curricula,” The Department of the Treasury)
Click here to read more on the topic.
Click here for Money Talks, An ESOL Toolkit for Financial Literacy