42% of teens are “terrified” they won’t have enough money for the future
Washington D.C. – A new study of teens ages 13-18 conducted by Junior Achievement and MissionSquare Retirement's Foundation reveals that more high school students are being offered financial literacy courses, yet significant knowledge gaps in the curriculum must be filled to help the nation’s youth prepare for their futures.
$1.6M raised, 800 guests and four new Laureates
Yesterday, the Washington Business Hall of Fame – Greater Washington's signature lifetime achievement award in business – welcomed its 2024 class of Laureates during a gala held at The Anthem. The Washington Business Hall of Fame (Hall of Fame) recognizes the achievements of Greater Washington’s most accomplished leaders and celebrates their impact on the local economy, surrounding communities, and overall quality of life.
It is not cliché to say the youth are our hope for the future. I am passionate about helping support young people, which is why Omega has been in a partnership with Junior Achievement of Greater Washington for several years. We consistently offer our helping hands to this foundation because we love seeing the children learn life skills that will prepare them for future success.
In a pronounced shift from two years ago, teen girls now have the same income expectations as teen boys, according to a new survey from Junior Achievement USA and Voya Foundation. The survey, titled "2016 Teens and Personal Finance," shows that 41 percent of teen girls expect to make $35,000 or more in their first job, compared to 40 percent of teen boys. In 2014, only 35 percent of teen girls expected to make $35,000 or more in their first job, compared to 44 percent of boys. The survey of 1,000 teens was conducted in the first week of March 2016 by Opinion Research.
Junior Achievement USA and the Voya Foundation, the charitable giving arm of Voya Financial, conducted a poll about the repayment of student loans. Between March 1 – 6, the organizations asked 1,000 13-17 year-olds about loan repayment. Sixty-five percent of the teens said borrowers are responsible for paying off their student loans, 11 percent said the government should pay it off, less then seven percent said the college should be responsible, and five percent said the lender is responsible for the debt.
On Tuesday, April 5, 2016, Junior Achievement of Greater Washington attended Financial Literacy Hill Day 2016 to serve as an advocate for financial literacy in our region’s schools and to share ideas with likeminded nonprofits and institutions. Hill Day is free and open to the public; it provides networking opportunity with the national financial education community.
This event, which is hosted annually during Financial Literacy Month, features financial literacy exhibits from more than 60 non-profit, for-profit, and government entities. The event was co-hosted by U.S. Senators Jack Reed (D-RI), Joe Donnelly (D-IN), and Tim Scott (R-SC).
April is National Financial Literacy Month, and it couldn’t have come at a better time. Consumers are feeling more pinched each week with rapidly increasing gas and food prices and sluggish economic growth. According to a recent survey by Career Builder, 77 percent of American consumers are living paycheck to paycheck.
A new survey of 1,000 teens by Junior Achievement® (JA) USA and Voya Foundation shows that nearly two-thirds of teens, or 65 percent, believe borrowers are ultimately responsible for paying off their student loans, even if they borrowed more money than they are able to pay off, while 11 percent believe the government should do so. Fewer, 7 percent, believe it is the responsibility of the college and 5 percent think it’s up to the lender to resolve.
On Thursday, April 21, 2016 Junior Achievement of Greater Washington (JA®) will be partnering with the Center for Global Policy Solutions to support the efforts of the 2016 Color of Wealth Summit that will be hosted at the U.S. Capitol Complex.
The third annual Color of Wealth Summit, themed “The Inclusion Revolution: Race, Economic Mobility, and the Future of America,” will focus on strengthening entrepreneurship in communities of color and on ways to prevent gentrification from displacing existing residents. The summit seeks to engage Members of Congress, Congressional staff, the media, and the public in a dialogue about the racial wealth gap, its effect on marginalized households, its impact on the U.S. economy, and solutions for closing the gap.
Junior Achievement strives inspire the next generation to be financially capable, tenacious, and equipped with the skills to manage risk effectively, solve problems creatively, and welcome opportunity in a complex modern economy.
During the 2014-2015 school year, Junior Achievement (JA) of Greater Washington served more than 55,000 students with more than 500,000 hours of classroom instruction led by JA volunteers.
Today, Junior Achievement of Greater Washington announced that this Bowl season, every company, every team, and every individual will be competing against other companies in the District, Maryland, and Virginia for bragging rights and prizes as part of the first annual Junior Achievement® Bowl-a-Thon Regional Competitions. Currently, the 2016 Junior Achievement® Bowl-a-Thon season is shaping up to be the best in history. And now, JA® has decided to raise the stakes.
On Saturday, March 5th, three Junior Achievement of Greater Washington staff members had the opportunity to lead workshops at the third annual Social Action Summit hosted by LearnServe International on the campus of American University. The Summit serves as an opportunity for over 100 young people to gather and develop the skills they will need to make their mark in their schools, communities, and in the world.
