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Posted: Tuesday, 12 November 2013 11:24AM

KU prof: Recession hits young particularly hard



     LAWRENCE, Kan. - Another study is finding that the financial crisis is having a lasting effect on young people.
 
     The Lawrence Journal-World (http://bit.ly/HRIed3 ) reports that Terri Friedline of the University of Kansas co-authored a study mapping the patterns in household net worth from 1999 to 2009.
 
     The study found that children in households where net worth declined grew up to have only about $300 in savings. That's 10 times less than the amount of children raised in fiscally stable households.
 
     Friedline noted that $300 in savings isn't enough to rent a first apartment. She says the findings emphasize the importance of encouraging children, especially those in low-income families, to begin saving money at a young age.

AP News
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Locations : KansasLawrence
People : Terri Friedline
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11/12/2013 11:27AM
KU prof: Recession hits young particularly hard
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