In 2004, the US Congress officially recognized April as National Financial Literacy Month as a way to improve knowledge and understanding of financial concepts such as budgeting, debt, saving and investing. These are crucial concepts to learn, however, there is very little formal financial education for our children. According to the Council for Economic Education, only a third of states require high school students to take a personal financial class in order to graduate. So it is no surprise that one in five 15-year-olds in the US lack basic financial literacy in 2017 according to the Program for International Student Assessment.

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