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Kids who don’t have a strong education in personal finance are at risk for making major money mistakes later that could take them years to correct. Without the right financial savvy, they're more likely to rack up debt, wreck their credit scores, and even go bankrupt in the most drastic cases.
Serious money problems, whether created through carelessness or ignorance, could also prevent even qualified people from getting good jobs and buying decent homes.
This is why financial literacy, so critical to an informed, educated and economically thriving population, can and should start young. But who’s going to teach our kids?
ids who don’t have a strong education in personal finance are at risk for making major money mistakes later that could take them years to correct. Without the right financial savvy, they're more likely to rack up debt, wreck their credit scores, and even go bankrupt in the most drastic cases.
Serious money problems, whether created through carelessness or ignorance, could also prevent even qualified people from getting good jobs and buying decent homes.
This is why financial literacy, so critical to an informed, educated and economically thriving population, can and should start young. But who’s going to teach our kids?
- See more at: http://www.thefiscaltimes.com/Articles/2014/08/01/Financial-Lessons-You-Must-Teach-Your-Kids#sthash.moHg8SZH.dpuf