Not surprised... I couldn't either when I was 17. But I sure learned fast
when I had to pay my own way. How many can truly say they had budgeting down
when they were 17?
Excellent article that shows once again that the home is the best place for kids
to learn about pretty much everything. Parents have their hands full trying to
prepare their children to handle money and appreciate its value. I agree with
UtahBlueDevil that most 17 year old teens aren't very good with money. But
the following ten years breaks them in pretty quickly--some faster than others.
Our current economy is requiring teens to learn the necessities at a younger
What is the percentage of adults that know how to manage their money? I'll
bet it's almost as low. With the caveat that managing money means not
being in debt, having sufficient money for retirement, having - depending on
your thinking - sufficient funds for your kids' education, etc.
My son isn't quite here yet (any day now), but I plan to do my best to
educate him as he grows up. I don't want him as another statistic.