The Challenges

Sadly, financial illiteracy is not new. What is new is the complexity and extensiveness of the challenge. A growing number of young persons are not financially literate, and they are entering a world facing new and unprecedented financial problems:

  • “One out of every ten Americans has defaulted on a student loan, and 5% of all student loan debt is in default.” – educationdata.org

  • “Only 24% of kids surveyed indicated that they talk to their parents frequently about money.” – nces.ed.gov

  • “…the ages of 25-44 are the peak years for filing bankruptcy.” – abi.org

  • “Americans’ total credit card balance is $1.031 trillion in the second quarter of 2023...leaving the balance the highest since the New York Fed began tracking in 1999.” – lendingtree.com

The Youth Financial Literacy Foundation

 

Commitment and Service

YFL’s commitment to financial literacy informs all it does.

The purpose of the Youth Financial Literacy Foundation is to promote financial knowledge and understanding, instill habits for sound money management, and cultivate lifelong learning.

“The number one problem in today's generation and economy is the lack of financial literacy.” - Alan Greenspan

Purpose, Mission & Vision

A 501(c)(3) non-profit organization, the purpose of the Youth Financial Literacy Foundation (YFL) is to promote financial understanding and knowledge among young persons.

YFL’s mission is to provide learning opportunities for children and young adults to become financially literate and thereby establish sustainable financial independence.

The foundation’s vision is to expand the reach, and scope, of our educational offerings to learners of all ages and to work with our alumni to grow a culture of giving back.

 

“Whatever you do, teach your child the importance of the dollar. It can make or break their future before they’ve even left school.”

Scholarships

Since its inception, YFL has awarded over $2.2 million in scholarship funds to students across the United States.

Learn how to apply today!

FamilyMint™ Program 

YFL’s FamilyMint™ is an award-winning classroom and online education program that teaches students the fundamentals of money management and goal-setting.

Interested in getting YFL in your school?

YFL Partner Program

Learn More about becoming a proud partner of the Youth Financial Literacy Foundation.

Learn More
 

“Through financial literacy and higher education, you can change your financial family tree.”