Nearly one-third of young Americans ages 18 to 24 in a study sample were deemed “financially precarious,” or financially unstable, primarily because of poor financial literacy, a lack of money management skills and little income stability.
Lead author and graduate student Gaurav Sinha from the University of Illinois, along with co-authors Drs. Kevin Tan and Min Zhan, both social work professors at the university, examined the financial attributes and behavioral patterns of emerging...
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source https://psychcentral.com/news/2018/08/26/study-nearly-1-in-3-young-adults-struggle-financially/138167.html
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