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Utah

Just 17 percent of teens know how to manage money

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  • johanBjorn Salt lake city, UT
    Aug. 31, 2012 10:37 a.m.

    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.

  • xscribe Colorado Springs, CO
    Aug. 28, 2012 10:25 a.m.

    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.

  • Caprice PROVIDENCE, UT
    Aug. 28, 2012 12:34 a.m.

    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 age.

  • UtahBlueDevil Durham, NC
    Aug. 27, 2012 8:58 p.m.

    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?