Parents not teaching children financial skills

[astros99]

A Smart Savings survey by Ameriquest Mortgage Company (conducted by Luntz, Maslansky Strategic Research) has found that most students believe they will have a higher quality of life than their parents event though many lack a basic understanding of the minimum wage, average income and the price of a home. While the majority of high school and college students have high aspirations for their futures, they face two fundamental challenges they must overcome in order to achieve the lives that they desire: 1) young adults are currently receiving either insufficient or incorrect financial knowledge from their parents, and 2) they lack a firm understanding of potential income and costs.


What do you guys think? Should kids be trusted with money so that they can learn financial skills, or is it better to let them learn on their own?

[mini_0]

Good discussion ,I think it is quite a concern issue . I have seen students in school , some of them have money and some dont have , some parents give excessive money to kids , I am sure they wanna let their kids enjoy but they are destroying them , no doubt bout that because such kids in the end dont really get the importance of money at all . And also should not be deprived at the same time , the parenst really need to achieve abalance in this as the kids have a long way to go .