Ah graduation season...the fun, the pride, the financial anxiety? That's right--according to my colleague Stacey Bradford, recent grads are feeling the weight of financial responsibility. I used her post "Financial Lessons for College Grads" as a TV segment this morning.
The take-away from this segment is not that college is bad. In fact, college grads are far better off in the workplace. According to the Bureau of Labor Statistics, the unemployment rate for college graduates over the age of 25 is about half of the national average. We do need to better prepare our graduates for the financial realities that lie ahead and that education needs to start as early as elementary school.
Because our school systems haven't taken up the mantle of financial literacy, it's up to you to set your kids on the right path. Here's how to keep it simple, tailor the teaching to your child's age, and make it fun.
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