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GSUSA Financial Literacy Study
May 10, 2013
Girls feel optimistic about their financial futures, yet are less than fully knowledgeable about essential financial principles and instruments, from using credit cards to establishing good credit, according to a new report by the Girl Scout Research Institute. And just 12 percent of the girls surveyed say they feel confident in making financial decisions.
The study, Having It All: Girls and Financial Literacy, comes out at a time of continued economic uncertainty. The study, which surveyed 1,040 girls ages 8 to 17, found that girls are averse to debt. However, in order to avoid debt, these girls say they need more education about how credit works. In fact, nearly 4 in 10 girls say they don’t know how to use a credit card, only 38 percent know what a credit score is, and just 37 percent know how credit card interest and fees work. Perhaps not surprisingly, a vast majority (90 percent) say that it is important for them to learn how to manage their money.
”Girls know that becoming financially literate is important,” said Anne T. Hogan, CEO of Girl Scouts of the Chesapeake Bay. ”Yet the research tells us that too many girls lack the confidence needed to become financially independent and responsible citizens.”
This generation of girls is financially empowered and independent. A great majority believe gender is no barrier to what they can accomplish financially, and they envision a future family structure where they are fully engaged in financial decision making and planning. When it comes to financial capability, 7 in 10 girls say both men and women are equally likely to be financially responsible (73 percent) or in a lot of debt (72 percent).
We're pleased to announce our 5 Boxes for 5 Skills contest winners from our GS Cookie Program:
Bob Johnston – Wilmington, DE
Jeff Bossi – Newark, DE
Patricia Turner – Denton, MD
Melissa Johnson – Hurlock, MD
Matt Brelia – Dover, DE
(Contestants were entered into a drawing to win 2 cases of cookies when they purchased 5 boxes at a GS Cookie Booth.)
Congratulations to our Girl Scouts who will be graduating from high school this year. It is our hope that you will want to continue and share your experiences, passion and knowledge whether it be working directly with girls or behind the scenes. You don’t have to make a big time commitment to make a big impact. You are exactly the role model that girls are telling us they want.
If you will complete your Girl Scout Gold Award by June 30, 2013, please fill out
the Delmarva Power Foundation Scholarship Form and return it to Sharisse Borst postmarked no later than July 17, 2013.
GSCB now offers online registration. Join today!
Rockin' and Raftin' Weekend
Flowers - Iron Hill Museum
Home Sweet Home
Summer Camp Open House Camps Country Center
and Sandy Pines
Join SU 34 June 1 at Camp Todd for a "TRY-athalon" to benefit the Family Partnerhsip Campaign. Register today!