Preventing Our Kids from Being Poor May Just Take a Nickel

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Preventing Our Kids from Being Poor May Just Take a Nickel | Business Wire https://t.co/QqhPsiJgNf by @businesswire https://t.co/4uWHTSNcoe



PALO ALTO, Calif.--(BUSINESS WIRE)--Nickel, a new smartphone-centered service that helps teens make better financial decisions, launched today. Developed in consultation with leading psychologists and financial experts, Nickel is the first simple, go-everywhere solution that helps time-strapped parents teach their children about money through empowerment instead of hand-holding.

Financial know-how is a major problem for today’s young people; a 2012 poll from ING Direct and Capital One found that 87 percent of teens admit they don’t know much about personal finance. This lack of basic skills and practical experience contributes to the “next generation of poor,” as young adults increasingly burdened with student debt, loan delinquency and bankruptcy are moving back home to liv

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