Kids and Financial Intelligence
Millions of young people will soon head out on their own for the first time to attend college or start their first job. It will also be the first time that many of them are in charge of their own finances. How literate are they about banking, spending, saving, and credit? We talk to two financial specialists about what kids need to know about money and budgets, the best ways to organize their finances, and what they can do to prevent going into credit debt.