Saving, budgeting and all other aspects of financial management are hard enough to learn, let alone to teach. It’s nevertheless critical to start instilling financial literacy from an early age. In fact, a recent survey conducted by the National Financial Educators Council revealed that more than half of the 18-24 year-olds polled believe a high school course in money management would have benefited their lives. As a jumping-off point for discussion with today’s young adults, here are 11 quick nuggets of financial wisdom from influencers, past and present.
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In 2016, nearly seven out of every 10 graduating seniors needed to borrow for their educations and are on average saddled with in excess of $37,000 of student debt as they enter the workforce. Not only does this emerging “debt crisis” place an immediate heavy burden on the shoulders of new graduates, it can have an adverse long-term impact on both the individual and the economy.