When people lament the state of financial education in America, they aren’t complaining about these kids.
More than 120 high-schoolers competed in the National Personal Finance Challenge in Atlanta that ended Monday. It was run by the Council for Economic Education, which brought together the top four-person teams among some 18,000 state-level competitors. Scripps Ranch High School in San Diego took the top prize.
The final round asked the remaining four teams to supply short answers to 20 questions about everything from mortgage discount points to 401(k) matches. We turned a selection of them into multiple-choice questions.
Rowan Ward, a sophomore who was on last year’s winning team at Severn School in Severna Park, Md., offers this advice on answering the questions: “Go with your gut and think logically. What makes sense to you?”
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