Do you know a young person who has trouble spending money? Laugh at the idea, by all means. After all, the miser has been a figure of fun since classical Rome. But while financial education generally focuses on the perils of overspending and irresponsible shopping, there's a seldom-discussed problem at the other end of the spectrum. That's underspending and financial hoarding.
I was introduced to it many years ago when an adviser at a young people's debt project told me about a young man who'd put his life on hold after an early experience with debt. He'd lost any sense of proportion about what money was for. All he had was a determination to part with as little of it as possible.
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