Teenagers' financial illiteracy is a current and growing national family economic trend and concern in the United States. Teens have access to and spend a great deal of money each year. A survey conducted by Teenage Research Unlimited indicates that today’s teens spend $179 billion annually (2006). In addition to personal spending, many teens purchase food and other items to be used by the entire family. The concern about teen financial illiteracy is supported by a national money management test of high school seniors that revealed an average score of 48.3%, a failing grade by standard grading systems (Jump$tart Coalition, 2008). High school seniors have little knowledge of money management, savings, investments, income and spending. The vast majority of students aged 16 to 22 have never taken a class in personal finance, with two-thirds admitting that they could benefit from more lessons on money management. Alarmingly, 9% were rolling over credit card debit each month (ASEC, 1999).