[monch1962]

This. My 21 and 23yo sons have no idea how to manage their money, and it took my older daughters several years of "emergency loan from parents for food or rent" funding (always paid back) to get their finances under control.

Financial education is WAY more complex than it was 20 years ago, with many more ways for people to go wrong

[vezycash]

The habit of saving money is a teachable skill that parents can cultivate in their kids.

Typically, kids learn more from the ACTIONS of adults in their lives than WORDS. I may have picked up my simple way of life from my parents when cash was tight but my younger ones who grew up in a more financially relaxed atmosphere are spend thrifts.