The BBB TeenSmart program was launched during the 2008-2009 school year and has provided over 130 financial literacy workshops to 2842 high school students, primarily in the Cleveland Metropolitan School District. Workshops are conducted by BBB staff and volunteers from the business community.
The Situation: According to a 2017 study by Pew Research Center, 92% of young adults age 18-29 have smartphones, 99% are online daily, and 86% use social media. The study also finds that 54% off all internet users use public Wi-Fi networks, many of these users are preforming sensitive activities such as online shopping and online banking.
A 2016 Sallie Mae study also shows 43% of student’s ages 18-20 have credit cards in their own names. On average, students have $611 in credit card debt.
Teens are full-fledged consumers, but many are lacking the basic financial literacy to assist them to make sound decisions. Now, and as they become adults, they are thus at greater risk of falling prey to questionable offers, negative/costly buying experiences, and poor spending and credit practices.
TeenSmart Workshop Goal: To generate/heighten high school students’ awareness that basic consumer knowledge and skills are critically important to their future well-being.
The Class: The 40 minute – 80 minute workshop offers tools to help students make better buying decisions and be responsible with their finances. The interactive presentation engages the students using everyday marketplace challenges they face. Students will learn:
Click here to view the BBB’s Teen Tips for Financial Literacy.
To Request a workshop, please contact Pam Anson at 216-623-8964 X108 or firstname.lastname@example.org.