By Fox News
July 20, 2015 | 1:25pm
This college student deserves an “F” in accounting after she blew through a $90,000 college fund on expensive clothes and a trip to Europe and now has no way to pay for her senior year, a predicament she blames on her parents.
The 22-year-old woman detailed her financial woes on an Atlanta FM-radio show whose wisecracking hosts derided her spendthrift ways and whose listeners belittled on Twitter as the millennial who was giving millennials a bad name. Kim, who did not mention her last name or her school, told “The Bert Show” that it was all her parents fault for not showing her how to manage her money.
“Maybe they should have taught me how to budget a little better, a little more carefully,” she told the show the other day. “They never sat me down and had a real serious talk about it. They said, ‘Here’s your college fund, it’s for classes only.’”
Dr. Keith Ablow, a psychiatrist and member of the Fox News Medical A-Team, told “Fox & Friends” Sunday that Kim’s parents do share part of the blame.
“Not necessarily for failing to teach their daughter financial regimens and accounting, but because they didn’t teach her character,” he said.
Kim said her grandparents set up the college fund for her years ago. She contacted “The Bert Show” after the school had just mailed her the tuition bill for her senior year, according to Yahoo’s financial news website. She explained that she was short about $20,000 for her final two semesters.
At 22 years old it is time to be responsible for your own actions. The doctor is not much better by teaching her to pass the buck.
She should not have been given access to the funds. Most parents who put money away for college write the checks themselves. This was a poor way to teach daughter to be fiscally responsible. Outcome was inevitable.
Anyone can see their account balance going down, you don’t need a lesson in finance to see what is happening. Her parents owe her nothing, she will be a drain forever.
I would love to know her school and major. At age 22 she seems pretty dumb.