Chances are students aren't being taught good economics principles at home. Their parents very likely don't understand money — and this is true even of parents who have adequate income. If parents don't budget, don't plan, don't prioritize, then children don't even know that they should — much less how to do it. Many families never discuss money with their children, even though money is a factor in virtually every facet of family life and the root of much household stress.
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