Updated: May 4
Forbes recently posted this great article about teaching our kids about money, debt, investment, credit and interest. It was written by Stuart Draper who is the Founder & CEO of Stukent, provider of digital marketing courseware. It's a great read (linked below). We're old enough to remember the financial crisis of 2008 and the images of complete towns vacated by foreclosure. But our kids are taking on college debt at the same risk.
Here's the article:
It’s splashed across the headlines every other day – U.S. college students continue to struggle with massive debt. There’s also the uptick in adults living paycheck to paycheck. The message about our country’s lack of financial literacy is loud and clear.
In addition, frustrated business owners are increasingly disappointed with the lack of preparation and financial savvy of recent graduates and prospective candidates.
In my experience as an education technology company CEO, author and educator, I have read plenty of research on how many American adults can’t pass a simple financial literacy test. Sadly, as a result, more and more people are spending well beyond their household’s monthly income, can’t purchase a home, don’t have an emergency fund in place and can’t save for retirement due to their student loan debt.
See the original article here: