Blame the last economic crash for why American college students are so bad with money (!)

Amy Wang:


Per today’s (April 5) fourth annual “Money Matters on Campus” report, conducted by financial management firm Higher One and education company EverFi based a sample of nearly 90,000 US college attendees, students are increasingly uneducated when it comes to personal finance. Less than 10% of students feel they have the information necessary to pay off their loans.
Borrowing money can be confusing, so perhaps that’s understandable—but students are also getting demonstrably worse at far simpler tasks, like making spending budgets and paying credit card bills.