The Huffington Post – Lule Demmissie
“Back to school shopping is about to begin. For kids it means new stuff, but for parents, it means spending a lot of cash. As kids are preparing to head back to school, there’s one lesson that parents might want to pass on to their children – the value of money. Money can be a touchy subject in many American homes. In the seventh annual Financial Literacy Survey of U.S. adults, a full 40 percent of adults gave themselves a grade of C, D, or F on their knowledge of personal finance. And adults aren’t the only ones struggling. A popular and controversial news story profiles Kim, a college student who, coming up $20,000 short her senior year, publicly blames her parents for her financial ineptitude: “Maybe they should have taught me how to budget a little bit more carefully. They never sat me down and had, like, a real serious talk about it.” Harsh, but if we think about it – perhaps more communication could remedy the situation for parents and their children.”(more)