Studies indicate that most of young adults struggle to grasp even the most basic financial principles that will allow them to manage money and prepare for their future.
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Millions of Americans and people around the world, especially young people who face intense financial challenges today, haven't been taught how to take control of their financial future.
Without any formal personal finance education or trustworthy resources to tell them otherwise, the majority of people in the 18-to-24-year-old age bracket do not know how to use credit effectively, tackle debt or make wise decisions when it comes to spending.
It is critical that kids start to learn the value of money, short-term and long-term saving and budgeting at an early age.
At base, financial literacy is inextricably connected to control over one's future.
I'd say the main way people get into terrible financial trouble is just to spend too much money relative to their income, and that is an endemic problem in the United States of America, and that's the kind of thing that should be taught about in schools.
Finance, like time, devours its own children.
At Year Up, our students - low income 18-24 year olds - come to us having already faced substantial obstacles in life. They are not in search of a handout; what they want most of all is the ability to take ownership of their own futures.
Thoughtful financial planning can easily take a backseat to daily life.
I'm too careful with money - comes out of being poor for several years while growing up.
When we have financial struggles, kids are so much more aware of things than we want them to be.