Millions of Americans don’t understand the basics of budgeting or saving for the future.
Some kids get money lessons at home, but many parents lack financial knowledge or confidence themselves. Junior Achievement’s 2015 Teens and Personal Finance Survey sponsored by the Allstate Foundation found that millennial parents, ages 18-34, are the least confident about explaining money management to their kids, many of whom are currently in lower grades.
Unfortunately for those kids whose parents can’t or don’t teach them money skills, these lessons aren’t part of many school curricula.
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