Parents and teens differ on financial education

A VISA  survey found that 85% of parents said they want a course in personal finance to be a high school graduation requirement. In contrast, a Schwab survey of teens showed that  64% would rather learn through experience than in a classroom.

Lynne’s comment: “Looks like our kids realize that money management requires experience outside the classroom.  My book, The No-Cash Allowance, is designed to just that–give kids hands-on experience managing money. This experience, when partnered with financial literacy classes in school, will give our kids both the knowledge and skill they need to manage money responsibly.”

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