Get the Stats: Teens and College Finance

Correct. A 1999 Student Monitor Survey reports that the majority of college students have active checking (80 percent) and savings accounts (64 percent), as well as carry an ATM card (78 percent) and a credit card (52 percent). Another 49 percent carry a debit card.

Not so. A 1999 Student Monitor Survey reports that the majority of college students have active checking (80 percent) and savings accounts (64 percent), as well as carry an ATM card (78 percent) and a credit card (52 percent). Another 49 percent carry a debit card.

No, well over half of college students report seeking financial advice from their parents on issues such as obtaining credit cards (Student Monitor,1998).

Right, well over half of college students report seeking financial advice from their parents on issues such as obtaining credit cards (Student Monitor,1998).

Right. Nearly half of students report that they always save some money from part-time jobs or allowances. Another 41 percent say they at least save some money, sometimes. (American Savings Education Council, 1999)

No, they're more focused than you think! Nearly half of students report that they always save some money from part-time jobs or allowances. Another 41 percent say they at least save some money, sometimes. (American Savings Education Council, 1999)

Correct. The National Council on Economic Education's 1999 survey indicated that only 2 states have a mandate for personal finance education and only 10 states include personal finance concepts in their state assessment tests. A national survey in 1998 conducted by Girls Inc. indicated that 91 percent of girls in grades 9-11 say there should be more opportunities for teenagers to learn how to manage their money.

Wrong. The National Council on Economic Education's 1999 survey indicated that only 2 states have a mandate for personal finance education and only 10 states include personal finance concepts in their state assessment tests. A national survey in 1998 conducted by Girls Inc. indicated that 91 percent of girls in grades 9-11 say there should be more opportunities for teenagers to learn how to manage their money.