Financial Literacy in Spurgeon, IN
About 168 people live in Spurgeon, Indiana. The population has declined 1.2% since 2020, from 170 to 168. The median age is 50.2, skewing older, where the pressing questions shift toward retirement income, medical costs and passing things on.
4.6% of Spurgeon residents 25 and older have completed a bachelor's degree or more. That sits 11.4 points below the Indiana average of 16%. Put the other way round: of the 108 adults 25 and over counted in the 2019–2023 ACS, roughly 103 — 95.4% — are building their financial lives without a four-year degree behind them.
The typical household here earns $61,750 a year. About 3.4% of residents live below the poverty line. The median home is valued at $107,100, roughly 1.7× median household income.
Spurgeon by the numbers
| Measure | Value |
|---|---|
| Population (2024) | 168 |
| Change since 2020 | -1.2% |
| Median household income | $61,750 |
| Adults 25+ with a bachelor’s degree | 4.6% |
| Adults 25+ with a high school diploma | 89.8% |
| Median age | 50.2 |
| Poverty rate | 3.4% |
| Unemployment rate | 15.7% |
| Median home value | $107,100 |
| Land area | 0.175 sq mi |
| Population density | 960 / sq mi |
What Indiana teaches — and to whom
Indiana has committed to 1 semester of personal finance as a graduation requirement, phasing in with the class of 2028 — so today's middle schoolers will be the first cohort held to it. That covers students still in the system. It does nothing for the adults already out of it — which, in Spurgeon, is most of the people reading this.
LearnLife organises this the way the decisions actually arrive: Money — budgeting, credit, debt and taxes — the mechanics nobody is formally taught; Legal literacy — leases, contracts, employment rights and what a signature actually commits you to; Emotional regulation — the self-management that decides whether the other skills ever get used.
Where to start in Spurgeon
Shift from accumulating to drawing down
With a median age of 50.2, a large share of Spurgeon is closer to drawing on savings than building them. The skills that matter shift accordingly: sequencing withdrawals, understanding Medicare's enrolment windows, and getting beneficiary designations and a will actually filled in.
Treat income stability as a skill
Unemployment in Spurgeon sits at 15.7%. Where work is less certain, the practical skills are the defensive ones: what unemployment insurance actually pays and how fast, how to read a severance agreement, and which bills to triage first when income stops.
Questions people ask about Spurgeon
Do high school students in Spurgeon, Indiana have to take a personal finance class?
Yes — Indiana has adopted a standalone requirement, phasing in with the graduating class of 2028. Students graduating before then are not covered.
How many adults in Spurgeon, Indiana have a college degree?
4.6% of adults 25 and older hold a bachelor's degree or higher, based on the Census Bureau's 2019–2023 American Community Survey. The remaining 95.4% are managing their finances without one.
What is the median household income in Spurgeon, Indiana?
$61,750, per the Census Bureau's 2019–2023 American Community Survey.
Where can adults in Spurgeon, Indiana learn personal finance?
Graduation requirements only ever reach people still in school. For adults, LearnLife covers the same ground on demand — money, legal literacy and the self-management that decides whether either gets used.
Start with whichever one is costing you money right now.
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