Some teens excel in financial literacy

By Janet Bodnar Kiplinger's Money Power Published: Sunday, July 20, 2008 12:11 a.m. MDT Kids generally get a bad rap when it comes to their knowledge of personal finance. In the 2008 survey of high school seniors by the Jump$tart Coalition for Personal Financial Literacy, the average score was 48 percent, down from 52 percent in 2006. So it's nice to be able to salute students for their proficiency in money matters. In the first-ever National Financial Literacy Challenge, sponsored by the U.S. Treasury, 10 regional winners from around the country were honored with scholarships from the Charles Schwab Foundation for achieving perfect scores. Separately, more than 20,000 high school students in 20 states took the spring 2008 Financial Literacy Certification Test, sponsored by the group Working In Support of Education . After... [read full story]