The stars came together to prove many points in ABC's UN-BROKE: What You Need to Know About Money, and host Mellody Hobson's intermittent interviews with random Americans on the street were evidence that most people need to learn those money lessons. This statistic really stood out: the average American family has $10,000 in credit card debt spread across five high interest cards. If only minimum payments are made, it would take 58 years to pay off the $10,000.
Mellody introduces the special by saying she is boggled that we're not taught about money in school and says, "We've been handed keys to financial futures, but nobody has taught us driver's ed." Viewers are taken through a series of celebrity skits about everything from credit cards and emergency funds to purchasing a home, investing, and retirement savings. Mellody continues to make strong points about the inconsistencies in the way most Americans are raised, and jabs, "Kids leave home learning how to do laundry, but not learning how to use credit cards."
If you missed the Friday night special, check out one of the segments including a clip featuring Marisa Tomei when you read more.