No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 4, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

A single high school class can boost a teen’s lifetime wealth by $100K, but most kids aren’t taking it

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 4 mins read
A A
A single high school class can boost a teen’s lifetime wealth by 0K, but most kids aren’t taking it
Share on FacebookShare on TwitterShare on LInkedIn


Envato

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.

While plenty of studies show the link between financial knowledge and financial success, a recent report puts a price tag on it: $100,000.

A study from consulting firm Tyton Partners and nonprofit Next Gen Personal Finance found that taking just one personal finance class in high school leads to an average lifetime benefit of about $100,000 per student. And that number may be conservative, according to CNBC.

High Yield Savings Offers

Powered by Money.com – Yahoo may earn commission from the links above.

“We say it’s $100,000, but as we start to see more and more young people investing, that number is only going to increase,” said Tim Ranzetta, co-founder and CEO of Next Gen Personal Finance, a nonprofit that provides middle and high school students with financial education.

Much of the value comes from making smarter money decisions — like avoiding high-interest credit card debt, qualifying for lower-cost loans and improving credit scores. But investing may be the most powerful lesson of all.

Learning how to navigate the financial markets can pay off for decades.

“Teaching students about the financial markets is the greatest asset for building wealth,” said Yanely Espinal, director of educational outreach at Next Gen, in an interview with CNBC.

A recent report found that roughly 70% of teens think saving for retirement is something they can think about later. At the same time, 80% of teens have never heard of a FICO score or don’t understand what it means.

But some states are trying to close the gap. As of March 2025, 27 states require high school students to take a personal finance course before graduating.

“The issue isn’t that we don’t have teachers,” said John Pelletier of Champlain College. “What we don’t have is highly trained teachers because it is an orphan curriculum.”

Pelletier estimates the U.S. would need at least 23,000 trained educators to teach all 9.2 million public high school students in required-course states.

Read more: Rich, young Americans are ditching the stormy stock market — here are the alternative assets they’re banking on instead

Even if your school doesn’t offer a course — or if you graduated from high school a long time ago — it’s never too late to learn the basics about money management and investing. Here’s where to start:

Story Continues

The simplest step is to track your income and expenses — how much do you make and how much do you spend? Budgeting and tracking can help you understand where your money is going, so you can make every dollar work for you.

With YNAB, you can track spending and saving all in one place. Link your accounts so you can see a big-picture look of your expenses and net worth growth. You can prioritize saving for short or long term goals — like a vacation or a down payment for a house — with the app’s goal tracking feature.

If you want to pay debts faster, you can create personalized paydown plans to calculate how much interest you’d save if you topped up your monthly payments with a little extra.

The easy-to-use platform allows you to simplify spending decisions and clarify your financial priorities. Plus, you don’t need to add your credit card information to start your free trial today.

Start saving as much as you’re able each month, with the goal of saving up six months of expenses. Put it in a high-yield savings account, where you’ll earn a higher interest rate.

Even if it takes years to save up enough, this is the first step to building financial health. When crises arise, you’ll have savings to fall back on instead of relying on loans or credit cards that can create a spiral of debt.

Books are a simple, affordable way to start your education. Visit the library and pick up books like The Millionaire Next Door, The Simple Path to Wealth, and Die with Zero. These books offer a well-rounded explanation of how markets work and how to start building long-term wealth.

If you’re working, look into Roth IRAs. These tax-advantaged savings accounts can help you start saving for retirement — and the earlier you start, the more time it’ll have to grow.

Experts recommend saving 10 to 15% of your income in a retirement account in your 20s, but max it out if you’re able. Also, do some research on index funds, as they tend to be less risky than buying separate stocks.

There are plenty of social media influencers who claim to teach financial literacy, but many of them promote risky strategies like crypto or day trading. Free sites like Next Gen Personal Finance, NerdWallet and the Consumer Financial Protection Bureau offer accessible tools and courses.

And, parents — start teaching your kids about finance early. By age six, most kids can understand simple finance concepts like buying wants rather than needs and sticking to a budget. Closing the financial literacy gap starts at home.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.



Source link

Tags: 100KarentBoostClassHighKidslifetimeSchoolSingleTeenswealth
ShareTweetShare
Previous Post

War with Iran Is Not in the Interest of the American People

Next Post

The impact of the SALT cap on state income taxation

Related Posts

edit post
US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

by TheAdviserMagazine
October 3, 2025
0

NEW YORK: The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations...

edit post
Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

by TheAdviserMagazine
October 3, 2025
0

U.S. President Donald Trump on Friday ordered Israel to stop bombing the Gaza Strip after Hamas said it had accepted some elements...

edit post
Sean ‘Diddy’ Combs gets 4 years in prison and is fined half a million dollars for case involving sex workers, violence and ‘freak-offs’

Sean ‘Diddy’ Combs gets 4 years in prison and is fined half a million dollars for case involving sex workers, violence and ‘freak-offs’

by TheAdviserMagazine
October 3, 2025
0

Sean “Diddy” Combs was sentenced Friday to four years and two months in prison for transporting people across state lines for...

edit post
America’s landlords settle claim they used rent-setting algorithms to gouge consumers nationwide for 1 million

America’s landlords settle claim they used rent-setting algorithms to gouge consumers nationwide for $141 million

by TheAdviserMagazine
October 3, 2025
0

Real estate giant Greystar and 25 other property management companies have agreed to collectively pay more than $141 million to...

edit post
Lawsuit: Tesla design trapped a college student inside as it burst into flames

Lawsuit: Tesla design trapped a college student inside as it burst into flames

by TheAdviserMagazine
October 3, 2025
0

The parents of a college student killed in a Tesla crash say she was trapped in the car as it burst into...

edit post
Commerce Minister Piyush Goyal drives investment reforms on Singapore visit

Commerce Minister Piyush Goyal drives investment reforms on Singapore visit

by TheAdviserMagazine
October 3, 2025
0

New Delhi: India and Singapore have discussed strengthening trade and investment linkages, enhancing cooperation in innovation and digital connectivity, and...

Next Post
edit post
The impact of the SALT cap on state income taxation

The impact of the SALT cap on state income taxation

edit post
This Self-Driving Car Stock Is Heating Up as Tesla Puts the Spotlight on Robotaxis. Should You Buy It Here?

This Self-Driving Car Stock Is Heating Up as Tesla Puts the Spotlight on Robotaxis. Should You Buy It Here?

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
America’s landlords settle claim they used rent-setting algorithms to gouge consumers nationwide for 1 million

America’s landlords settle claim they used rent-setting algorithms to gouge consumers nationwide for $141 million

0
edit post
Why the Stakes are Higher for I 9 Form 2025 Audits

Why the Stakes are Higher for I 9 Form 2025 Audits

0
edit post
Stay the Course: Navigating Euro Inflation

Stay the Course: Navigating Euro Inflation

0
edit post
Cash App Review – A Versatile Mobile Payment & Banking Platform

Cash App Review – A Versatile Mobile Payment & Banking Platform

0
edit post
With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI 

With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI 

0
edit post
Why Accurate Surgical Procedure Data Is a Strategic Advantage Today?

Why Accurate Surgical Procedure Data Is a Strategic Advantage Today?

0
edit post
US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

October 3, 2025
edit post
U.S., Europe brands take on the Chinese consumer

U.S., Europe brands take on the Chinese consumer

October 3, 2025
edit post
Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

October 3, 2025
edit post
Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

October 3, 2025
edit post
Whose Investment Are You?

Whose Investment Are You?

October 3, 2025
edit post
With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI 

With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI 

October 3, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session
  • U.S., Europe brands take on the Chinese consumer
  • Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.