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Next Avenue: The ‘money talk’ with your adult kids: here’s what to teach them

This article is reprinted by permission from NextAvenue.org.

When my oldest daughter graduated from college, I was amazed to discover that she had never taken an economics or finance class. Her education helped her secure a prestigious job doing medical research, yet she had no clue how to budget, do her taxes, invest or find out her credit score.

It turns out that my daughter’s experience is not uncommon. When AIG Retirement Services and EVERFI conducted a research study surveying 30,000 college students, only 35% of respondents reported ever having taken a personal finance course. Worse: 47% felt unprepared to manage their money.

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