With back-to-school season fast approaching, a new survey from Edward Jones reveals it’s a worrying time for many households.
Nearly one-third of respondents said they have anxiety or stress around their current financial situation, and the start of the school year also highlights how the lack of financial education causes issues well into adulthood.
Only 20% of those who took part in the poll said they had received financial education at school, and 28% cite this as a reason for their financial anxiety as adults. Thirty-three states are currently requiring or recommending that high school students should receive financial education before graduating.
“Developing greater financial knowledge and confidence has to start earlier in school," said Vanessa Okwuraiwe, principal at Edward Jones. “Our data demonstrates that knowledge builds confidence — for example, roughly 60% of respondents believe they would be more confident in their financial situation with a better understanding of debt management — so it’s our goal to empower individuals to secure their financial futures.”
Among the key topics that poll participants highlighted as financial matters they would like to know more about are:
They also said that they have financial knowledge gaps around financial caregiving, student debt management, understanding certificates of deposit and investing in the capital markets.
Despite the desire for more information, more respondents said they rely on the financial knowledge of their friends or themselves rather than a financial advisor.
Edward Jones has a financial education program in collaboration with Everfi that aims to reach 1 million learners by the end of 2025.
“The back-to-school season can be associated with nerves and anxieties for a number of reasons, but lack of financial education does not have to be one of them,” Okwuraiweb added. “A new school year can be an empowering opportunity to learn new skills and take more control of your finances.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
