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Millennial blows her $90,000 college fund then blames her parents

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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.

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