February 11, 2009

MTV aims for financial literacy amongst college kids

Posted in Misc at 2:59 PM by Joe From Boston

This is something I never thought I’d write about, but I am so happy to see this – MTV is trying to get young folks to understand financial literacy, and perhaps more importantly, to understand why financial literacy is so important.

To do so, they’ve started a new web site, www.InDebtEd.com.

Here, college kids and young adults can learn about personal debt, the dangers of the worry-about-it-later credit card habit, and even learn about how badly our government is indebt.

Did you know

  • you shoulder $184,000 of government debt?  And so does every other American.
  • 71% of last year’s federal budget went to a few key necessities such as defense, medicare, Medicaid and social security.
  • “Spending on all other programs—including education, transportation, science and research, law enforcement, and programs that protect our environment and help the poor—represented only 29%.”
  • college tuition is currently DOUBLE what it was in 1980

I feel it is vital that our young people learn financial literacy.  I’m 29 and even growing up the daughter of 2 finance majors, I didn’t feel prepared when I started living on my own.  Kids just aren’t taught fiscal responsibility.

So kudos to MTV for taking action!



  1. Bigger Than Your Block said,

    I know I’m late, but I’m just now learning of the site. I checked it out; awesome. Thanks for writing about it.


    Shay Olivarria
    Author, 10 Things College Students Need to Know About Money

  2. Best Student Loans said,

    How about some love for some other great resources for educating students on financial aid and credit:

    http://www.studentplatinum.com/credit-education/ – Credit and Debt Education

    http://www.studentloannetwork.com/student-loan-articles/ – Great Financial Aid Articles


    http://www.studentloanconsolidator.com/firstaidkit/ – Budget Tips and Tools for Recent Grads

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