Lack of financial education early in life can and does lead to important financial mistakes.
Young people, starting at the age of 18, are able to access key methods of financial assistance, such as loans and credit cards. However, most are not fully-prepared to do so, because they don’t have the education necessary to make smart decisions. And poor decisions can lead to financial troubles that are nearly impossible to overcome later in life.
According to a survey by Credit Karma, only 28% of respondents reported any financial education before college. And 75% reported financial mistakes made before the age of 30 that were difficult to get past. To read the full story, click here.