A recent survey from Capital One Financial Corporation shows that almost half of graduating high school students are not confident when it comes to managing certain aspects of personal finance.
According to the poll, 45 percent of respondents said they are either unsure or unprepared to handle their personal finance concerns, including managing a bank account. However, those who had some sort of financial education seemed to show more confidence in being ready for the future.
Thirty percent of those surveyed said they had taken some sort of personal finance class. Of those, 75 percent felt as though they were ready to handle and manage their funds.
"In addition, two thirds (66 percent) of students who have taken a personal finance class rate themselves as ‘highly’ or ‘very’ knowledgeable about personal finance, compared to only 30 percent of students with no financial education course who show the same level of confidence in their skills," a release from the company said.
In lieu of any proper financial education, there are some tips younger people can follow to handle their personal finances. For example, those going to college should avoid amassing a large amount of credit card debt, a habit many students fall into.