20-somethings lack solid grasp of finances, studies show

04/25/2012 | USA Today

Millennials face double-digit unemployment rates, large debt loads and a poor grasp on basic money matters, studies show. "We have a long way to go as a country," Education Secretary Arne Duncan says in reference to low levels of financial literacy among young people. "There has been a devastating cost to a lack of attention, urgency and seriousness of taking this on."

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