High schoolers or pre-adults have a lot of financial decisions to make throughout their life, but most of them do not really know the effect of the money or how their decisions could affect or change theirs and others lives. Based on this I created Teen Financial Education Framework (TFEF) to show how social pressure and lack of financial awareness led to spending choices. I have surveyed 50 high school students and split them into 2 groups: one group gets financial knowledge on personal finance and stories about families who needed the money while the other group did not. The results were: the awareness group put 70% of their 1, 000 into savings while the control group put 20% of their 1, 000 into savings showing clear difference and growth. Proving that little awareness can change teen minds a lot and how financial awareness can influence one's life.
Shishir Dhanapunen (Sat,) studied this question.