Abstract
<bold>Abstract<bold>
The economic downturn of 2008 tested America's financial management skills, and highlighted the nationwide issue of financial illiteracy. In today's consumer-driven society, it is crucial for youth to possess a foundational knowledge and skills in personal finance in order to be successful. The question remains: Whose job is it to teach youth about financial management? Some feel it is a responsibility of parents while others feel it is the education system's responsibility. Many researchers argue that it requires collaboration of formal and informal education, led by parents and teachers.
The following study examines the financial attitudes, perceptions, and behaviors of college youth, ages 18-29, at the University of Idaho. The results reveal significant relationships between current financial status and consistent savings plans, credit card and student loan debt. These young adults have a willingness to learn, but are lacking the education and modeling in order to establish healthy financial behaviors.