Life Skills and Money Education in Federal Dam, MN
Federal Dam, Minnesota is home to about 119 people. The population has barely moved since 2020 — a change of under one percent over four years. The median age is 38.8.
Among adults 25 and older in Federal Dam, 6.1% hold a bachelor's degree or higher. That sits 14 points below the Minnesota average of 20.1%. Flip that figure and it describes 93.9% of the 98 adults 25 and over counted in the 2019–2023 ACS, about 92 people whose money skills came from somewhere other than a university.
Median household income is $48,750. That is $19,940 below the Minnesota median. About 10.9% of residents live below the poverty line. The median home is valued at $141,700, roughly 2.9× median household income.
Federal Dam by the numbers
| Measure | Value |
|---|---|
| Population (2024) | 119 |
| Change since 2020 | 0% |
| Median household income | $48,750 |
| Adults 25+ with a bachelor’s degree | 6.1% |
| Adults 25+ with a high school diploma | 88.8% |
| Median age | 38.8 |
| Poverty rate | 10.9% |
| Unemployment rate | 5.9% |
| Median home value | $141,700 |
| Land area | 2.21 sq mi |
| Population density | 54 / sq mi |
What Minnesota teaches — and to whom
Minnesota 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 Federal Dam, is most of the people reading this.
LearnLife organises this the way the decisions actually arrive: Emotional regulation — the self-management that decides whether the other skills ever get used; 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.
Where to start in Federal Dam
Start with the money that moves every month
For most households in Federal Dam, the fastest gain is not an investing strategy — it is seeing the recurring outflows clearly, knowing what a credit score actually responds to, and understanding which line items on a payslip are negotiable.
Questions people ask about Federal Dam
Do high school students in Federal Dam, Minnesota have to take a personal finance class?
Yes — Minnesota has adopted a standalone requirement, phasing in with the graduating class of 2028. Students graduating before then are not covered.
How many adults in Federal Dam, Minnesota have a college degree?
6.1% 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 93.9% are managing their finances without one.
What is the median household income in Federal Dam, Minnesota?
$48,750, per the Census Bureau's 2019–2023 American Community Survey.
Where can adults in Federal Dam, Minnesota 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.
Browse the LearnLife catalog