"Studies indicate that most of young adults struggle to grasp even the most basic financial principles that will allow them to manage money and prepare for their future"

This quote by Ron Lewis recommends that many young adults do not have the knowledge and understanding of standard financial principles. Research studies have actually revealed that young adults are not sufficiently prepared to handle their cash and plan for their future. This lack of monetary literacy can cause bad monetary decisions and can have long-lasting effects. Without a standard understanding of financial principles, young people might struggle to save cash, invest, and plan for retirement. They may likewise be more likely to succumb to predatory loaning practices and other financial frauds. It is necessary for young people to be informed on monetary principles so that they can make informed choices and plan for their future.