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Financial literacy of U.S. teenagers is below average, study shows
Financial literacy of U.S. teenagers is below average, study shows

The financial literacy of American teenagers is no better than average compared with their peers in other countries, and nearly one in five lacks basic proficiency, according to a comprehensive new study. The report by the Organization for Economic Cooperation and Development analyzed financial knowledge among 15-year-olds in 18 nations. ------------ FOR THE RECORD July 9, 11:54 a.m.: A previous version of this post said Carrie Schwab-Pomerantz was president of the Charles and Helen Schwab Foundation. She is president of the Charles Schwab Foundation. ------------ China, Belgium and Estonia fared the best. The U.S. was ninth, with an overall numerical ranking that was...

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