The purposes of this study were to determine the financial knowledge of high school juniors/seniors and their parents and the relationship between the teens' and parents' financial knowledge. Teens were knowledgeable about net incomes and endorsing checks. Parents were knowledgeable on all areas studied except, credit card liability for unauthorized use, W-4 forms, annual percentage rates, auto collision coverage, and interest accrual on outstanding credit card balances. Significant relationships were found between the teens' and parents' money knowledge.
|Original language||English (US)|
|Number of pages||10|
|Journal||Journal of Financial Counseling and Planning|
|State||Published - Jan 1 2002|
All Science Journal Classification (ASJC) codes
- Economics and Econometrics