Press Release

Weekly Pulse: 80 Percent Says Schools are Failing to Teach Students How to Manage their Personal Finances

Three times more Americans trust business owners than politicians when it comes to understanding government policies

Washington, DC (October 3, 2018) – Overwhelming majorities of Americans think public schools are failing to teach kids basic economics or how to manage their personal finances, according to the Job Creators Network/ScottRasmussen.com Weekly Pulse, released today.

“These results should be an alarm bell for educators and policymakers,” said Job Creators Network Foundation President Elaine Parker. “The primary purpose of the public school system is to get kids ready for the responsibilities of adulthood and entering the workforce, and vast majorities of Americans think they’re doing a lousy job of it.”

According to the data, only 20 percent of Americans think the public schools are doing a generally good job of teaching students how to manage their personal finances. Only 28 percent think schools do well at teaching basic economics.

The Pulse also finds that Americans trust business owners more than politicians and media reports combined when it comes to understanding how government policies affect the economy. Fifty-seven percent trust business owners. Only 14 percent rely on elected officials, and only 30 percent believe news reports are best at explaining government policies.

“There’s a real trust gap for politicians and the media when it comes to public policy,” said Parker. “It’s important for business owners to take advantage of that, because their employees, friends and families depend on them far more than the chattering class for a straight explanation of how government policies affect the economy.”

In addition to the Pulse, JCN/ScottRasmussen.com also released its Monthly Monitor today. The Monitor measures how Americans are feeling about their own personal employment situation. In September, only 27 percent of part-time workers were looking for a full-time job.

Among the unemployed who are looking for work, 79 percent believe they are likely to find a job in the near future.

“This is a more personal look at how Americans see the economy,” said pollster Scott Rasmussen. “The confidence displayed by job seekers is a clear sign of confidence and optimism about the economy.”

BELOW ARE THE PULSE TOPLINES.

1) How would you rate the U.S. economy today?

15%      Excellent

42%      Good

28%      Fair

12%      Poor

4%        Not Sure

2) Is the economy getting better or worse?

37%      Better

21%      Worse

35%      About the Same

7%        Not Sure

3) Okay, how would you rate you own personal finances these days? 

10%      Excellent

41%      Good

30%      Fair

16%      Poor

3%        Not Sure

4) Are your personal finances getting better or worse?

31%      Better

17%      Worse

49%      About the Same

3%        Not Sure

5) Are companies in your area more likely to be hiring new workers or laying off existing workers?

46%      Hiring New Workers

15%      Laying Off Existing Workers

39%      Not Sure

6) Generally speaking, do public schools do a good job of preparing young people to handle their personal finances?

20%      Yes

80%      No

7) Generally speaking, do public schools do a good job of preparing young people to understand basic economics?

28%      Yes

72%      No

8) In the workplace, are employers and managers generally a good source of information about how government policies affect your company?

 

40%      Yes

60%      No

9) In the workplace, are employers and managers generally a good source of information about how government policies affect the economy?

 

30%      Yes

70%      No

10) In terms of how government policies impact the economy, which of the following do you trust most?

 

57%      Business Owner

14%      Elected Officials

30%      Media reports