Financial knowledge not enough for low-income parents, says study

Low-income parents of young children frequently face day-to-day difficulties in feeding and housing their families. Social services for such parents often include financial education designed to help build basic knowledge about financial matters such as budgeting and saving for the future. However, a study by University of Kansas researchers finds that financial knowledge may not be enough to reduce economic strain among low-income parents with young children. The study suggests that financial i