Tag: research
When children grow up and become financially independent, how do parents adjust their finances? Are they finally spending money on themselves? Saving more for retirement? Paying down debt? No one has come up with a convincing answer yet. Especially puzzling is that past research has shown that parents seem to reduce their consumption after t…
For all of Americans’ financial shortcomings, at least we recognize there is a problem. More than 80 percent of adults believe states should require a personal finance class in high school and wish they’d taken one themselves, according to a March survey by the National Endowment for Financial Education (NEFE). Rarely do we see that…
