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Young adults need to improve their financial habits


The Charles Schwab 2010 Families and Money Survey revealed that parents of young adults (ages 23-28) “believe there are several areas of personal finance where their kids need to improve”.

The top three areas mentioned were

  • how to stick to a budget and live within their means (48%),
  • how to save money (42%), and
  • how to invest money wisely (33%).

Read the full survey here.

© WealthQuest for Teens, Ltd., 2011 All rights reserved worldwide.

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Comments

  1. They certainly do… Most people in their late teens/early 20s need to realize that this is where their financial history is most crucial. Young people don’t seem to realize how potentially dangerous credit card spending is (or how it will affect them).

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