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| .Q1: Did you realize that the majority of children are financially illiterate? |
| A1: Recently 4,000 students were surveyed about personal finance and 68% of the students negatively responded to the survey. |
| .Q2: When school starts, how many credit cards are offered to college freshmen? |
| A2: Freshmen are offered an average of 8 credit cards during their first week of school. 45% of the students keep the credit cards and incur debt. They graduate with an average of $28,000 in debt, which consists of loans and credit cards. |
| .Q3: How much time does it take for children to learn about finances? |
| A3: Research has shown that with as little as 10 hours of financial education the spending and saving habits of students can be positively impacted. |
| Spending in the U.S. by teens was over $175 billion in 2001, which is equals to all Mexico's exports. These students spend 98% of money they receive as gifts, allowances, and/or part-time earnings. |
| Some university administrators report that they lose more students due to credit card debt than to academic failure. |
| A few reasons parents say they haven't discussed saving and investing information with their children: > Children are too young to worry about it. > Parents admit to not knowing much about it. > Parents are too embarrassed about their own finances. > Parents had more important things to teach their children. |
| Take a tour of our Maplewood NJ Campus for more information >> |
| .ECONOMIC EMPOWERMENT QUIZ: If you are a concerned parent, this is must-take quiz for the future of your children... |
| SIDEWALK UNIVERSITY can arm your children with the tools for success. |