Parents should take my advice and give this as a gift to their older teenager/young adult. Better yet, go through it with them. This information is so important and is not taught to them in high school or college! From managing debt to planning for retirement and everything in between, this book will help educate you and get a handle on personal finance for now and the future. As a long time pastor and military chaplain, I see it over and over again - individuals and couples up to their eyeballs in debt, no sense of how to manage their money, no plan for any upcoming expenses, and certainly no plan for retirement! Be proactive and help your children now! Without help, they will live from paycheck to paycheck and will probably spend more than they make! It is an unsustainable trek down a depressing path that most Americans these days are oblivious to. Make it your priority to help them!
Or, you can support them when they move back in with you, pay their bills when they come asking, fund everything for the grand kids....well, you get the idea.
Believe me this is a win-win!