Many Americans lack the financial knowledge to navigate the modern economy and avoid financial hardship. While information regarding the costs and benefits of financial choices is readily available, many people enter the workforce without knowing how to convert that information into sound decisionmaking. Furthermore, financial education efforts have shown mixed results, and turning classroom theory into lasting habits remains difficult.
In this report, we explore approaches that incorporate financial education into youth apprenticeship programs. Based on interviews with more than a dozen youth apprenticeship coordinators in Wisconsin and Georgia, we find that integrated financial education is the exception in youth apprenticeship, but we find broad support for the idea that apprentices would benefit from it. (Author abstract)