Currently, there are eight trends that can impact teens. Like most teens, your son/daughter:

  1. Must continue his/her education after high school graduation. It’s no longer optional.
    • Without a college degree, he/she can be stuck in minimum wage jobs and a lifetime of poverty.

  1. Will experience high costs of continuing his/her education, costs that are increasing disproportionately.
    • The cost of a college education has increased over 1,000% since 1978, more than any other portion of the economy, including health care.
    • These education costs are expected to continue to climb

  1. Is apt to graduate college burdened with too much debt.
    • The average college student who gradutes with  $45,000 of debt; $29,900 of it is student loan debt.
    • Student loans are at their highest default rates since 1999 and rising.

Unemployment in United States

Highest Among Young Adults


  • All Ages
  • 18-29-year-olds
  • Recent College Graduates*

* Includes Underemployment and Unemployment

  1. May have trouble finding a job after college.
    • 50% of recent college graduates are unemployed or underemployed.

  1. May stay financially dependent longer.
    • Due to the trends and resulting financial challenges listed above, young adults are financially dependent longer than expected.
    • Despite the general consensus that there are legitimate contributing factors delaying their independence, your son/daughter may interpret his/her prolonged financial dependence as a failure, which affects their psychological health.


  1. Must save more to retire.
    • The 2014 average life expectancy is 79.5 years, but for your teen it is 96.1.
    • Vanishing pensions coupled with disproportionately rising health care and education costs means your son or daughter will have to save much more for retirement.

  1. May be paying for your care, as you conceivably may outlive your retirement savings.
    • With longer life expectancy coupled with disproportionate rise in the cost of health care and education, you may outlive your retirement savings, leaving your children with the financial responsibility for your care.

  1. Lacks the critical financial knowledge he/she needs to solve ordinary money matters, let alone manage these extra financial challenges.
    • The average score on a national financial literacy test given in over 40 states to 2,459 high school students between 2012 and 2014 was 59.6%.