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Effects of Unemployed Teens

Unemployment for Americans aged 16 to 19 is at an all time high – 27%. It’s a segment of our workforce that has been hard hit by the recession, yet largely overlooked. Though unemployment among adults is a pressing matter, the long term affects of unemployment among our youth is something we should be just as concerned about.

What affect will this have on teens’ work ethic?
Are there major consequences to young people not getting job experience in their most impressionable years?
Is this hindering their ability and interest to learn about financial literacy and money management?
Is this negatively shaping their views of money and finances or shifting it in some other way?
What are the psychological effects for teens that spend many months looking for a job only to be turned down repeatedly?
How does this affect their confidence and feeling of self worth/self esteem in a time when they are most self conscious?
Is this hurting some teens’ ability to gain higher education because they can’t find a job and save up for college, as many teens have had to do in the past?

The fact is these teens will soon be young adults out in the real world and a large part of our work force. The affects of teen unemployment is a discussion worth having as it may affect how financial educators approach and work with this age group for years to come.

Ace Elliott
Debtfreeu.org
Director of Content / Project Manager

January 26, 2010 at 11:34 am, by admin | 6 Comments | Category General

Free Income Tax Assistance Tool

Please be aware of a new tool that helps clients find free income tax assistance anywhere in the nation:

http://extension.missouri.edu/hes/taxed/vitasites.htm

The search tool allows you to narrow your search to a state and the counties and cities within that state.

Andrew Zumwalt, M.S.
Director of the MoTax Education Initiative
University of Missouri

January 20, 2010 at 8:35 am, by admin | 4 Comments | Category General

Reaching Out to New Audiences

The importance of financial education cannot be overstated, especially in preparation for life changing events such as marriage. The research shows that conflicts regarding finances is still the leading factor to divorce. What ideas and proven techniques can you share to help reach pre-marital clients so that they are armed with information to understand their perspectives about money as well as to instill effective money management behaviors?

October 26, 2009 at 9:56 am, by admin | 3 Comments | Category General

Book Reviews

Please share your favorite book suggestions:
1. children’s books that help teach an important life lesson
or
2. adult self help books to recommend to clients.

Brenda Vaughn
Director of Financial Literacy

September 9, 2009 at 1:11 pm, by admin | 6 Comments | Category General

What has Triggered a Change in Your Financial Behavior?

Think about what has triggered a change in your financial behavior or for someone else. Let’s see if we can find some themes. Who knows what we might come up with.

Glenn Muske
2009 AFCPE President

September 2, 2009 at 6:39 pm, by admin | 22 Comments | Category General