While financial education is important for adults, it can have an even greater impact on todays youth who havent yet developed poor money habits, said Carrie Schwab-Pomerantz, president of the Charles Schwab Foundation.
The voluntary, online test is recommended by the Presidents Advisory Council on Financial Literacy, is sponsored by the Treasury department, and will run through May 16.
The Challenge questions cover important topics young people need to master, such as budgeting, credit management, insurance, and saving and investing, said Dan Iannicola Jr., Treasurys deputy assistant secretary for financial education and the executive director of the literacy council. By recognizing the students who have excelled in financial education, we will be encouraging more teachers and schools to bring personal finance lessons into Americas classrooms.
