High school graduates of today are not properly equipped with basic financial literacy such as managing a budget, paying taxes, etc. Only 17 states require high school students to take a course in personal finance, and not a single state has added personal finance to its K -12 standards since 2016, with many underfunded school systems across the nation, there are no options for students interested in home economics or personal finance
Without the proper funding school systems across the country can not provide financial literacy education to students. Coming out of high school or college can be incredibly stressful, especially if you have not been taught the basics of personal finance.
In today's economy, young people are struggling more than ever to save up for a home. The homeownership rate among 25-34 year-olds has dropped from 45% in 1990 to 26% in 2022, starting to save up is essential for any young person, and BetterBank is the best method for doing so.