Woman blames parents for financial problems on podcast
Updated
Updated · YourTango · May 6
Woman blames parents for financial problems on podcast
6 articles · Updated · YourTango · May 6
On Caleb Hammer's Financial Audit, she said they never taught her about credit cards, saving, budgeting or keeping rent below 30% of income.
Hammer pushed back, arguing financial literacy is rarely taught and many parents likely lacked that knowledge themselves. A 2023 Ramsey Education report found 88% of US adults felt unprepared financially.
The report linked the dispute to wider dependence on parents: Pew said 55% of 18- to 34-year-olds are not fully financially independent, while Experian found many feel ashamed seeking support.
Is financial literacy the real solution, or a distraction from an economy failing young people?
As parents teach kids about money earlier than ever, will Gen Alpha finally break the cycle?
With states now mandating finance classes, how can we ensure students actually apply what they learn?