Clueless: What Graduates Need to Know About Making Financial Decisions

by William Reichenstein and Tom Potts

Clueless: What Graduates Need To Know About Making Financial Decisions Splash image

Today’s college graduates are usually enthusiastic and well-trained in their discipline.

But they are often clueless about financial matters.

Unfortunately, the fallback position is typically to do nothing. But these early-year “non-decisions” can have a detrimental effect on their financial well being throughout their working lives, and especially in retirement. If only they had known how important it is to make good decisions in these early-year financial matters!

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William Reichenstein , CFA, holds the Pat and Thomas R. Powers Chair in Investment Management at Baylor University and is head of research at Social Security Solutions, Inc .
Tom Potts , Ph.D., CFP, is a professor of finance at Baylor University and can be reached at


Chris from New Jersey posted over 3 years ago:

Thank you for keeping these articles around and available!

James from California posted over 2 years ago:

Yes, keep them around. I have ten grandchildren in various stages of their college education and they need this information!!!

Walter from California posted over 2 years ago:

Great article. I give my grandson the very same advice but it lands on deaf ears. I will give him a copy of this article and hope he wakes up to the real world and be responsible for his future.

Charles from Illinois posted over 2 years ago:

The article makes some very basic points applicable to young people starting out. I have a twenty-one year old son who just finished college. I have been trying to get his attention on this issue for several years. The article is basic for him to understand and hopefully get the message.

Jean from Wisconsin posted over 2 years ago:

I'm sending a copy of this to my 33-year-old daughter who wants to start an emergency fund as well as saving beyond her 401K. Later than Sylvia, yes, but better than when I started at age 40.

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