The Girl Scout Research Institute recently released a new study, "Having It All: Girls and Financial Literacy." The study reveals that girls have a lack of confidence in financial decision-making, but it illustrates a desire for them to learn.
The study surveyed 1,040 girls ages 8 to 17 and found that girls are averse to debt. However, in order to avoid debt, especially from a college education, girls say they need more education about how credit works. Four in 10 girls say they don’t know how to use a credit card, only 38 percent know what a credit score is, and just 37 percent know how credit card interest and fees work. A vast majority of girls, 90 percent, say that it is important for them to learn how to manage their money.
Despite the recession and economic uncertainty, girls are still optimistic about their futures. Eighty-eight percent say they are likely to make more money than their parents, and nearly all girls say it is likely that they will have jobs or careers they enjoy (98 percent), be able to provide for their families (96 percent), and own their own homes (95 percent) one day.
This generation of girls is financially empowered and independent. A majority feel gender is no barrier to what they can accomplish financially and they envision a future family structure where they are fully engaged in financial decision making and planning. When it comes to financial capability, seven in 10 girls say both men and women are equally likely to be financially responsible (73 percent) or in a lot of debt (72 percent).
Girl Scouts offers a financial empowerment program that ensures girls have the opportunities to build their business sense and hone their financial literacy skills. Girls build on these sills as they progress through the K-12 curriculum to become knowledgeable, confident and self-reliant participants in a global economy. Whether a girl is working to earn the Financing My Future Badge or the Money Manager Badge, she is developing financial savvy, business skills and innovative thinking.
To find out more about Girl Scouts, or to become involved, visit www.gsnypenn.org.
Girls to have tea with Juliette Low
More than 100 Girl Scouts will have a tea with "Juliette Low," founder of the Girl Scouts, on April 28 in Moravia. The tea is being sponsored by Southern Cayuga County Girl Scouts. During the tea, girls will learn proper etiquette and the history of having tea, and have an opportunity to talk to “Juliette” about her life and accomplishments.
We encourage Girl Scout alumnae to reconnect with the organization that helped them succeed. To keep up to date on all of the activities, or find out more information, visit www.gsnypenn.org. Did you know that girls can participate in events without their troop? Join the fun and friendship of the Girl Scout Leadership Experience! Visit www.gsnypenn.org or call 698-9400 or 539-5085 for more information.