Financial education in American elementary and high schools is woefully lacking, according to a study from PricewaterhouseCoopers released Tuesday.

While 92 percent of teachers in kindergarten through 12th grade believe financial education should be taught in schools, only 12 percent of them actually do so, PwC says in the study, Rleased for Financial Literacy Month in April, it looked at 5,896 teachers.

Although teachers think financial literacy should be taught in both the homes and the schools, 65 percent believe it is unlikely their students are receiving any financial education at home. Almost the same amount, 62 percent, say financial education is not seen as a critical skill for college and career readiness.

“Educators cite tremendous benefits in providing financial education to young people,” the study says. “Kids who receive education earlier are better at budgeting, planning for the future, understanding debt and decision making. [However,] many teachers lack appropriate curriculum, qualifications and take-home materials.”

Only 31 percent of teachers feel completely comfortable teaching finances, while 51 percent feel moderately comfortable and 18 percent are not comfortable at all.

Only 26 percent of schools provide curriculum plans and course materials for financial education courses and just 6 percent provide professional development for teachers.