Who We Are
The Student Money Management Center is a joint effort between ASUN Student Government; Child, Youth & Family Studies; and Student Affairs.
The UNL Student Money Management Center is committed to encouraging students to take responsibility for their financial futures by creating and upholding a culture of financial empowerment among the student body through financial education.
Students have confidence in their financial futures and are able to meet their financial goals.
Why Are We Here?
The following national statistics are from a 2011 financial literacy survey of adults, conducted on behalf of the National Foundation for Credit Counseling, Inc.:
- Americans continue to learn about personal finance primarily from their parents or at home (42%), yet 3 in 4 (76%) admit they could benefit from a financial professional?s advice and answers to everyday financial questions. And, indeed, many adults (41%) would give themselves a grade of C, D, or F on their knowledge of personal finance, marking a statistically significant increase from 2010, when just about 1 in 3 rated their financial knowledge so poorly.
- Today, more than 1 in 5 U.S. adults (22%) do not have a good idea of how much they spend on housing, food and entertainment, reflecting a proportion not seen since 2007. Although just over 2 in 5 Americans (43%) say they have a budget and track their expenses, more than half (56%) do not.
- More than 1 in 3 adults (36%) say they are now saving less than last year. And, in fact, 1 in 3 (33%) do not have any non-retirement savings. Although there had been a steady increase in the proportion of adults who have savings between 2008 (63%) and 2010 (67%), that proportion has now declined somewhat (to 64% in 2011).
- Nearly 3 in 4 U.S. adults (73%) express concern about their finances, primarily about insufficient savings for retirement (48%) or emergencies (45%). African-American and Hispanic adults are particularly prone to assorted financial worries.
- Most U.S. adults have not reviewed their credit score (63%) or credit report (65%) in the past 12 months. Although 2 in 3 adults (68%) pay for most purchases with cash or debit cards ? primarily to avoid paying high interest rates (69%) ? many (40%) still carry credit card debt from month to month.
[The National Foundation for Credit Counseling and Harris Interactive Inc., Public Relations Research, The 2011 Consumer Financial Literacy Survey, March 2011.]
Other Financial Literacy Reports:
- American Express, Children Clued in to Recession and Family Finances, 2010.
- The Hartford Financial Services Group, Inc., Amid Economic Uncertainty, New National Survey Finds Parents Concerned About Children's Future Financial Independence, 2008.
- Charles Schwab, Families & Money Survey, 2010.
- Charles Schwab, Young Adults & Money, 2010.
- Sallie Mae, Study finds rising number of college students using credit cards for tuition, 2009.