Media Room

The latest news, press releases and program assets all under one roof. For press inquiries, please contact H&R Block Media Desk at mediadesk@hrblock.com or 816-854-4287.

H&R Block Highlights the Importance of Teen Financial Fitness During National Financial Literacy Month

WHEN: National Financial Literacy Month (April)

 

 WHAT: Teens’ lack of financial literacy is a growing problem in the United States. Studies show today’s teens are concerned about money management, but they’re not learning the skills needed for success.

 

In a recent national survey, 42 percent of teenagers said they are not “financially fit.” A similar study by H&R Block last year revealed 58 percent of teenagers worry they’ll be worse off financially than their parents.

 

HOW: H&R Block is addressing teens’ lack of financial literacy this month and year round through the H&R Block Budget Challenge, a free online tool teachers can incorporate into their lessons, under the company’s longtime Dollars & Sense financial literacy platform.

 

The H&R Block Budget Challenge teaches teens how to manage the financial life of an adult through a real-life simulation. As an added incentive, students compete for millions of dollars in scholarships each school year.

 

During Financial Literacy Month alone, H&R Block is giving away more than $1.3 million in scholarships to top-performing students in the H&R Block Budget Challenge. This school year nearly 155,000 students are participating in the program, bringing the two-year participant total to almost 250,000 high schoolers from all 50 states.

 

This approach is working. More than 95 percent of teachers who participate in the H&R Block Budget Challenge say it’s effective at teaching personal finance. Students, parents and teachers can visit www.hrbds.org for personal finance tips and lesson plans.

 

Editor’s note:   Find out about the H&R Block Budget Challenge in your area. Email mediadesk@hrblock.com to request:

  • Localized stats on the H&R Block Budget Challenge
  • Student scholarship winners and teacher participants available for interviews

 

 

WHY: According to the Council for Economic Education1, only seven states currently require high school students to be tested on personal finance concepts before graduation.

That lack of training coupled with the rising cost of college and prevalence of student loans means today’s young adults are often left shouldering the burden of tens of thousands of dollars of debt upon entering “the real world.”

 

Source:

1 – Council for Economic Education’s 2016 Survey of the States; http://councilforeconed.org/wp/wp-content/uploads/2016/02/sos-16-final.pdf

About H&R Block Dollars & Sense: H&R Block, Inc. (NYSE: HRB) is the world’s largest consumer tax services provider. More than 680 million tax returns have been prepared worldwide by and through H&R Block since 1955. H&R Block Dollars & Sense helps increase financial literacy among teenagers through curriculum and resources, grants to supplement the cost of personal finance education and scholarships to help young Americans pay for higher education. Since 2009, H&R Block Dollars & Sense has donated more than $8.4 million in grants and scholarships. For more information, visit the H&R Block Newsroom, www.HRBDS.org or follow us on Twitter and Instagram, @TeenMoneyTips and our Facebook page, HRBDS.

 

 

Connect With Us

Stay updated on all things H&R Block Dollars and Sense by following us on Twitter and Instagram @TeenMoneyTips and on Facebook.com/hrbds.

FAQ

Frequently asked questions about the program.

VIEW FAQ

Media Contact

H&R Block  |  816-854-4287  |  mediadesk@hrblock.com

1 enrolling class in 2008 and No. 2 class in 2010 at north park(Karate America). Led PLNU to a 37 16 entry as head coach in 2005. There are two opposing views of human life these days; One demeans it although the other exalts it Michael Saunders Jersey. The demeaning view is depicted as life case from an amoeba, To a multicellular patient Russell Martin Jersey, Into the fish, To a jesus, For your mammal, Next to man. A person seen this diagram. Antonetti considered that Edwin Encarnacion Jersey. "We would not have parted with the talent we did had there not been spare years of team control,Miller is anticipated to arrive in Cleveland on Sunday night. Certain times, He'll sit with manager Terry Francona and relievers Bryan Shaw and Cody Allen to know each pitcher's usage. Beasley and can be of the Joe Beasley Foundation hosted by African Leadership Magazine, Friday, March 17, 2017 Josh Donaldson Jersey. Carl and Mike also mentioned who the Falcons have acquired. Carl and Mike also remarked about all of the latest news in NFL free agency.