Teaching Kids About Money The Hard Way

Added by
EntreOasis 5465
Jul 16, 2009 13:25 EDT
Average Rating: (0 ratings)
Rate and/or Comment on this resource
Post a full review of this resource
See reviews in sidebar

Description

http://online.wsj.com/article/SB10001424052970203739404574286821533215800.html

Teaching Kids About Money the Hard Way
By Karen Blumenthal
The Wall Street Journal

It’s getting harder for parents to raise financially independent young adults.
Many banks refuse to open individual checking accounts for 16- and 17-year-olds, requiring parents to jointly own the account, even if the youngsters have a job. Colleges urge parents to link their bank accounts or credit cards to the prepaid cash cards that double as their students’ ID cards, to ensure a regular flow of funds from the Bank of Mom and Dad.
All of this seems to encourage parents to interfere with - and maybe even bail out - these young adults. And it comes at an age when the youngsters themselves should be taking on personal responsibility and making their own financial decisions.
(more ... click on link above)

Related Files

-none-

Details

Teaching Kids About Money The Hard Way
Relevant Subject and Topic
All-Purpose or No Specific Topic, Goal Setting, Self-Esteem, Life Long Learning, Work-Life Balance, Personal Credit, Managing Money, Hard Knocks, Advisors and Mentors, Credit, View more...
Types
Article
Tip or Suggestion
Features
Informative, Educational, Persuasive, Experiential, Text
Format
Blog
Webpage
Copyright Owner
Karen Blumenthal
The Wall Street Journal
Most Suitable For Use By
Parents, Learners, Policy Makers
Age Appropriateness
Adult(19+)
Youth(12-18)
Grade Appropriateness
High School, Postsecondary, Graduate, Adult General
Geographic Suitability
All or Non-Specific
Language
English
Education Standards Maps

Comments

Rate Comment

EntreOasis

Teaching Kids About Money The Hard Way

Add To My Collections

Description

Related Files

Details

Comments

Reviews

Collections that Include this Resource