financial literacy and student-Why It Matters

Very quickly, your high school will go to college. And while you have provided your son or daughter with instructions dorm room equipment, kitchen and laundry last minute and needed a generous supply of pantry items for meals-on-the- go, have you had that very important to talk with your child?

no, not that a that of money, finance and the use of credit cards. For many college-age students, the focus of the next four years will probably be on the school solvency. So they know that higher education comes at a price, they imagine they are going to worry about pesky student loans later, once they are out of school and into the workforce.

But the reality may be far from rosy. According to a story from the Associated Press, more than half of BA graduates under the age of 25 were unemployed or underemployed in 2011, the highest share in at least 11 years. When you consider that the payments of student loans will come in postgraduate reason and 64% of Millennials financed their education up to a total of student debt that exceeded $ 1 trillion at the end of 2012, according to financial protection consumer Bureau-it is not surprising that the debt burden carried by Geny-ers today is their greatest financial concern.

And along those same lines, a Wells Fargo survey showed that the Millennials believe that financial literacy should be taught, either in high school or college or by parents . But even if you have not discussed this, it is not too late. LIFE has tools to help you help your child become financially aware.

Start with the resources available on the next generation website . The site offers a range of free resources focusing on five key areas of risk, life insurance, health insurance, disability insurance and financial planning and includes quizzes, family activities, glossaries with terms and phrases related to insurance and financial planning, and a video library.

Then explore the materials on the LIFE website, such as life lessons videos (such as those about Brittney LaCombe and Jermaine Suggs and realLIFEstories like about Missy Junk customize role insurance plays in. protect the future of the family, especially the section for single focuses on three key areas :. controlling debt, save money and protect the assets and income with insurance

living calculators, such as life insurance needs calculator, can you and your students useful information on how to assess their need for coverage and potential risks, while this blog offers short articles on the role of planning and provide financial assurance.

Finally, involve your students in discussions on family budgets and finance, and inform them of your meetings with insurance professionals. They will learn to make decisions about insurance coverage and investment, which will provide them with useful information when they need to make the same decisions and choices.