“Parents who intentionally teach their children about financial management may exert a greater influence on children’s financial knowledge than do lessons learned in high school and those learned in the workplace combined….parental investment in the financial skills and knowledge of their adolescents may pay substantial dividends in terms of youth health, adjustment, and academic success.”

This is from a new study by Dr. Soyeon Shim, from the Norton School of Family and Consumer Sciences at the University of Arizona.
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