Social Media Helping Youth Struggling Financially

There has been a movement to educate America's youth to make sure they are financially literate, and Charles Schwab is the latest to join the nationwide campaign by using social media.

Through Twitter and its educational website, Charles Schwab - among many other U.S. financial institutions - is working towards ensuring that young adults make financially responsible decisions after they graduate from school. It's efforts like these that help make sure more Americans don't need to seek out debt relief programs.

Charles Schwab Foundation president Carrie Schwab-Pomerantz said "we can no longer simply talk at this generation. Social media isn't just a place where young adults spend their time, but it's also a place that allows for a two-way conversation. Our hope is to better understand the struggles this generation faces."

By educating young adults about "financial firsts" they will face when living on their own and entering the workplace, Charles Schwab hopes to bring up a more fiscally responsible generation of Americans. They can do this by learning how to pay off debt and manage their paychecks.

Young adults should also look into taking local financial literacy classes in order to make sure they are prepared for life after school.