'Adulting' is easier for kids who've had 'the talk' with their parents.
div > div.group > p:first-child"> As it stands, about 1 in 5 children in the U.S. don't meet baseline levels for financial literacy proficiency, according to the often-cited PISA 2015 Financial Literacy assessment.
Not surprisingly, students who are required to take personal finance courses have better average credit scores and lower debt delinquency rates as young adults, according to data from the Financial Industry Regulatory Authority's Investor Education Foundation, which seeks to promote financial literacy.
And still, parents can't rely on their kids getting the money lessons they need in the classroom. While financial education varies dramatically from state to state, a survey from the Council for Economic Education found that the number of states requiring a course in personal finance has held steady at just 17.
"Adulting may be a bigger challenge for those who didn't receive any financial education at school or home as kids since they're less likely to have a budget, an emergency fund and retirement savings," said Stuart Ritter, a senior financial planner at T. Rowe Price and the father of three.
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