Teaching Financial Literacy Skills to Teens

IMG_2587On July 17th a number of UCLA Extension’s youngest students completed our Money Skills for Teens course, a newly launched 2-week, daytime workshop offered on the UCLA campus. Taught by UCLA Extension’s long-time instructor Steven Gail, the class was designed to specifically help teens develop strong money management skills. Combining Mr. Gail’s contagious enthusiasm for financial literacy along with online tools and resources, students learned key personal finance concepts including how to identify and prioritize money management goals, an investment primer, and a full overview for understanding credit, including college loans.

This course seems to be very well timed! Based on a recent international financial literacy assessment issued by the Organization for Economic Cooperation and Development, American teenagers struggle to demonstrate competitive financial knowledge on the world stage. Among 18 participating countries and economies in the Programme for International Student Assessment (PISA), the United States ranks between 8th and 12th place in 15-year-olds’ aptitude in planning and managing finances. 

We are proud of our young UCLA Extension students (and their parents) who made the commitment to enhance their financial literacy. We were very impressed with the level of student engagement in the classroom and are hopeful they will be able to practice their learning as they prepare for college and beyond. We also plan to see many of them in future Extension classes as they make their commitment to life-long learning!

Rich Burnes
Program Director, UCLA Extension
Financial Management Programs

 

 

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2 Responses to “Teaching Financial Literacy Skills to Teens”

  1. Babara Johnson December 29, 2014 at 10:22 am #

    Will you have this class during the summer 2015? I would like my grandson to participate. He will be 15 years old and beginning his sophomore year of high school in the Fall.

    Thank you

    • Rich Burnes January 5, 2015 at 9:00 am #

      Hi Barbara, we are planning to run this class again in the summer, though the dates have not been finalized. We should have the dates within the next few weeks.

      Regards,

      Rich Burnes
      Program Director

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