Economic Crisis: Do our Youth have the Skills to Survive?

Abstract

The current economic situation impacts youth as well as families. Family wage earners may experience a job loss or reduction in number of hours, resulting in tighter family spending plans. Recent home foreclosures may result in youth fearing the need to switch school districts (Gasca, 2009, Santa Clarita Valley The Signal). The economic downturn has influenced the behavior and spending habits of teens (Junior Achievement, 2009). Young people pursuing a post secondary education may delay entering a four year university and start at a community college instead. College bound individuals will face an increased fierce competition for college financial aid dollars (Hartman, 2009, cbs2chicago.com). What skills do our young people need to manage or survive the current economic situation? Learning how to get back to the basics, identify wants and needs, and learning basic money management skills will help prepare youth to cope in these difficult times. This poster will summarize a literature review that examines the impact of the current economic crisis on youth and identify teaching strategies and resources.