Most young people learn money management from their parents, but that method clearly isn't working, say Kayla Allen and Victoria Kinchen of Southeastern Louisiana University.65% of students in a survey say their parents were their teachers in financial matters, but of that group, 28% report saving no money on a monthly basis, 72% never check their credit scores, and 75% have no written budgets. Yet 94% of all the respondents rate their personal financial-management performance as "OK" or better.
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