JA In The News - Junior Achievement USA

The (Second) Big C

A Bankrate Study released in 2016 found that 67 percent of Millennials don’t have credit cards While we all known how someone can get into trouble through the misuse of credit cards, they are a valuable financial tool when used responsibly. Responsible use leads to good credit scores, which are needed for home loans and small business financing. According to the free credit score checker, Credit Karma, credit scores are influenced by the “age of credit”. Having more responsible and timely “experience” with your credit card can in fact help your score.

It’s easy to understand why Millennials feel the way they do about credit cards after experiencing the 2008 financial crisis. But the lack of a credit score might not only inhibit someone’s ability to buy a home, it can also impact getting an apartment lease, signing up for utilities, or even pursuing that dream job.

"Millennials are clearly falling short in terms of credit card usage compared to their elders," said Mike Cetera, Bankrate.com’s personal loans and credit analyst. Cetera also stated, "A credit card shouldn’t be seen as taboo. Used correctly, a credit card can not only provide the added benefit of points and rewards, but also help establish a healthy credit score which will be valuable for such things as a lease or mortgage in the future."

One way to help today’s young people understand the pros and cons of credit is through education.  High school parents and students should be relieved to know that Junior Achievement offers JA    Personal Finance®, which covers the basic principles of expenses, earnings, savings, and even understanding credit scores!

To learn more about Junior Achievement’s JA Personal Finance Program:  Click HERE.

Mukherjee, S. (2016, June 13). Only 64% of Millennials Own Credit Cards. Retrieved September 18, 2017, from http://fortune.com/2016/06/13/millennials-dont-own-credit-cards

Goldstein, M. (2017, January 24). How long does it take to build a healthy credit score? Retrieved September 18, 2017, from https://www.creditkarma.com/article/age-of-credit-history

JA in a Day-- ALPFA and JA of Southeastern Pennsylvania

This past week, on October 11, JA of Southeastern Pennsylvania was joined by 8 ALPFA Volunteers who also represented the Greater Philadelphia Hispanic Chamber of Commerce. With their time and enthusiasm, 2nd and 4th-grade students of Hon. Muñoz-Marin Elementary were impacted by JA’s lessons.

Javier Suarez, VP of Strategic Partnerships for the Greater Philadelphia Hispanic Chamber of Commerce, ALPFA member. And local Philadelphia entrepreneur, stated,“ For me personally it’s about having that interaction with young students to see what they want to learn, because, in the city of Philadelphia, the situation is pretty drastic. I see education as the way out and the way to the next level. So often we speak to students but we don’t have them speak to us. That’s why it’s important for me as a professional to go into the classroom.”

JA in a Day-- Southeastern Pennsylvania provided more students to be touched by the lessons of Junior Achievement as well as provide an opportunity for local organizations to come together to impact the future of their community. Thank you to all those who were involved in the success of  Ja of Southeastern Pennsylvania’s JA in a Day event.

 

The Hardest Question Ever Asked

When you were 18, what was your answer when you were asked, “what are you going to study in college?” or “what’s your plan after high school?”

 Believe it or not, only 45 percent of senior high school students felt positive about being career ready, meaning the majority of high school seniors don’t know what they plan to study or even pursue as a career once they receive their acceptance letter.

According to the ACT’s The Condition of College & Career Readiness 2016 report, when high school students were given a list of 294 majors, twenty-four percent indicated that they were either undecided or they did not select a major of interest.

Fortunately, since 2015, more than 300,000 teens have engaged with JA My Way™. This online platform engages high school students to start thinking about their career. It helps teens explore possible career paths, discover factors that they should consider when choosing a career, and learn to utilize job-hunting tools.

Visit JAMyWay.org to discover more!

 

"Survey: Most High School Students Feel Unprepared For College, Careers." EdSource. N. p., 2015. Web. 22 Sept. 2017.

Turning Students into Better Employees One Lesson at a Time

Does your child know how to write a check?

A new finding has been uncovered in Northeast Pennsylvania students are not learning a basic life skill—financial literacy! Basic skills such as keeping a checkbook, paying bills, obtaining a job, earning an income, or even budgeting financials are not a piece of the education curriculum currently in place.

The Report of Economic and Personal Finance Education in Pennsylvania to the Governor and General Assembly stated that only 28 percent of the state’s high school students take a course that teaches economics or personal finance.

Terry Ooms, executive director of The Institute for Public Policy and Economic Development commented, “It surely has an effect not just on the economic status of an individual and family, but on the community as well. It’s tied to many indicators of poverty and social assistance needed.”

In order to combat these findings, Carbon Chamber & Economic Development Corporation has called in Junior Achievement of Northern Pennsylvania to help address the need when it comes to Northeastern Pennsylvania’s economic future.

CCEDC’s director of economic development, Kathy Henderson, commented, “We see a skills gap in the students in financial literacy, not just in (our) business education partnership meetings, but in everyday life. We felt because there is a gap that exists in students’ education, the Junior Achievement program is a perfect fit…”

The Junior Achievement programs offer lessons in work readiness, financial literacy, and entrepreneurship, serving students from kindergarten to 12th grade. Students that have engaged in these programs have been found to be more prepared to enter real-life professional situations. With this financial preparation, students will not only be equipped with the skills necessary to be hired in the competitive workforce but will also make for more responsible and quality employees.

Click HERE to learn about programs offered by Junior Achievement!

 

Economic and Personal Finance Education in Pennsylvania. (2013, April). Retrieved August 8, 2017, from http://www.bing.com/cr?IG=EBDF4B986F074D7CA5D8C16CFDBC725E&CID=02FC68691D9867063BD062B11C9E6646&rd=1&h=Chpsil7tMLpR8Fw4gbsNT4B3eEjM0yHbalCa2MlmSf0&v=1&r=http%3a%2f%2fwww.dobs.pa.gov%2fDocuments%2fPublications%2fReports%2fFinancial%2520Education%2520Report.pdf&p=DevEx,5060.1

Ruff, K. (2017, August 4). Carbon County Junior Achievement. Retrieved August 08, 2017, from http://biz570.com/carbon-county-junior-achievement-1.2225523

How Would You Use Your Life Experiences To Better The Future?

For Jama Smith, her auction business is just one piece of her everyday life. Her passion for Junior Achievement (JA) has fueled her drive to be a corporate volunteer for the past 10 years, in which she has taught students from fourth-grade to high school.

She doesn’t just teach the program curriculum that JA provides, though. To add her own touch to the lessons, she incorporates the lessons she has learned in both her life and in business. One program she taught required the students to research careers, colleges and the concept of self-branding. She connected the concept with the students by explaining it as, “We understand that companies have brands… Do you have a brand? When you walk into a room, do people automatically think some things about you?” This was a question that all 20 students in her class knew from their own experience.

Life and work experiences do more than provide examples to the students. The sharing of experiences helps create a connection between the volunteer and the students. At  JA we believe that while we make it easy for volunteers to teach students about financial literacy, work readiness and entrepreneurship; it's the volunteers that bring in their personal and professional experiences that make the programs exciting to the students.  

In the 2015-2016 JA program year, more than 230,000 volunteers gave their time to make an impact using their experience inside their classroom.

What life lessons would you want to share?

Click HERE to find out how you can connect with the future today!

 

Francisco, B. (2017, July 9). An auctioneer helps kids map careers | Local | Journal Gazette. Retrieved August 08, 2017, from http://www.journalgazette.net/news/local/20170709/an-auctioneer-helps-kids-map-careers

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