This recent headline -- "Merrill Lynch-Sponsored Survey Shows Financial Literacy Improving Among Nation's High School Seniors" -- caught my eye for two reasons.

For one, there has been a lot of discussion within the accounting community about the need to improve financial literacy in general. CPAs in states like California have made financial literacy a top priority, and the Foundation of the American Institute of CPAs has provided funding for new initiatives aimed at educating students and teachers about personal finances. But the other reason that headline grabbed my attention was the last three words -- high school seniors.

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