Forbes – Rob Clarfeld 
There are certain financial absolutes that come with achieving adulthood including: filing tax returns, understanding the basics of credit cards, mortgages and checking accounts, learning how to save and invest, and preparing for one’s retirement. I refer to these basic skills as financial hygiene. Far too many people achieve adulthood without any financial education. You’d think these basics of modern life would be taught in schools, but only a handful of states require financial education as part of the secondary school curriculum. Consider that in a recent survey of basic financial literacy, baby boomers averaged only a C grade, still, faring better than millennials who completely failed. In fact, only 40% of millennials even understand the concept of “interest.” As a society (and as parents) we are doing an awful job preparing our kids for their financial futures!
(more)
(more)