Honda Sponsors Program To Increase Teen Financial Literacy

When entering adulthood, many teens lack the skills that make them financially literate. The American Honda Finance Corporation is making the push to change that by sponsoring the Junior Achievement USA® (JA) Personal Finance Program. This program looks to develop financially literate skills in around half a million teens over the course of the next four years.

JA Personal Finance is focused on helping high school students improve their understanding of financial concepts like investing, budgeting, and saving, as well as properly using credit. Funding will go towards incorporating both digital technologies as well as in-class learning with JA volunteers, to create an experience that will help teens learn in an enjoyable way.

Owning a vehicle involves many financial responsibilities and the campaign looks to ensure that teens fully understand these responsibilities. A variety of topics such as paying for insurance, options for financing, and routine maintenance, will all be covered to help teens make better decisions when it comes to future financing opportunities.

“We support Junior Achievement USA because their core values align very well with our own core values as a corporation—to enrich the social, economic and educational well-being of communities and society,” said David W. Paul, senior vice president, AHFC. “Buying a car is one of the first major financial decisions most of us make. It is important that we educate the next generation to ensure that they are ready for the responsibilities of financing a car as well as establishing a firm financial foundation to help them succeed in life.”

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