Even though teens may think they know it all, new research has found that money matters are one area where teens are most assuredly lacking knowledge. Proof of that fact comes from the 17 percent of teens between the ages of 12 and 17 who said they knew how to manage their money and the 24 percent of teen respondents who said they did not know the difference between debit and credit cards.
Among teens for whom budgeting was a concern, learning how to save and how to budget were their biggest priorities. However, part of the reason for the lack of teen knowledge on money matters comes because their parents are not doing a good job teaching them about money.
- See more at: http://www.businessnewsdaily.com/2842-teens-manage-money.html#sthash.BpIOzAsS.dpuf