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Mandell and Lewis explain that young adults possess insufficient knowledge when it comes to the world of personal finance. This assertion is not new and many researchers have come to a similar conclusion, but the two authors believe young adults in other countries such as Japan and Australia lack financial literacy. Their study focused on whether teenagers lack of motivation inhibited their assimilation of information during finance classes. the researchers believe teens just don't believe financial literacy is important. Their study included five national surveys, with results broken down by different demographics such as sex, race and family income.

The Article describes jumpstart; a non profit program that provides financial lessons to students and young adults. It acknowledges the serious problems of financial literacy in the US. Jumpstart is a program within most US states and it seems like a very productive and positive enterprise.

Discusses the importance of future savings such as retirement funds. The article also discusses common reasons for failed retirement plans. The source is a good reference point to compare the different issues facing adults and young people.

Green, Amy. "Push for financial literacy spreads to schools." Christian Science Monitor 101.70 (09 Mar. 2009): 13-13. Academic Search Complete. EBSCO. Roesch Lib., U. of Dayton, Dayton, OH. 14 Mar. 2009. http://search.ebscohost.com/login.aspx?direct=true&db=a9h&AN=36874111&site=ehost-live>.

Green shares the story of Roy Kobert and John Ninfo a bankruptcy attorney and bankruptcy judge who both volunteer their time teaching kids the importance of financial literacy. With the economy plummeting out of control both men have decided to be advocates for teaching financial literacy to children and young adults. Both men have seen the devastating effect that financial literacy ignorance has caused on the economy and individuals. They fear that if creditors can lure the youth into debt, our countries youth future is in jeopardy. Their goal is to stop the madness before it starts through education intervention. The article also talks about several different programs promoting financial literacy that have been implemented in different states across the country.

Discusses how negative experiences of teenage students and their resulting attitudes toward assigned books have created an aliterate society. Examples of typical adolescent experiences with books; Valuable qualities of young adult literature; Recommended books. (Abstract from EBSCO.) An article well-worth reading for all students, regardless of paper topic.

Article from Kansas City Gazette. Describes a bill proposal to increase financial knowledge in the US. The problem specifically lies with young adults and college students. It provides statistics as well as some startling facts to the problems with credit card debt and financial literacy.

College students today face a difficult time with easy access to a credit card and a lack of financial literacy. The authors' study concluded that the average college student is currently accumulating debt at an increasing rate. They believe the allure and purchasing power of a credit card causes some young adults to forgo their own inhibitions and just spend. This study provides an excellent source of quantitative information in the form of survey responses and charts. The authors break down their survey group into many categories, such as age and sex, to examine debt. The plethora of data allows correlations to be made and therefore a better understanding of college student credit card debt. However, the sample size was only 448 students on five college campuses, and in the future, a larger sample size could provide a more detailed and accurate analysis.

Green shares the story of Roy Kobert and John Ninfo a bankruptcy attorney and bankruptcy judge who both volunteer their time teaching kids the importance of financial literacy. With the economy plummeting out of control both men have decided to be advocates for teaching financial literacy to children and young adults. Both men have seen the devastating effect that financial literacy ignorance has caused on the economy and individuals. They fear that if creditors can lure the youth into debt, our countries youth future is in jeopardy. Their goal is to stop the madness before it starts through education intervention. The article also talks about several different programs promoting financial literacy that have been implemented in different states across the country.