Although most youths receive financial advice from their parents, few can define simple financial terms, according to a survey of students from affluent households.

The survey, conducted for the second consecutive year by Yankelovich Partners Inc. of Westport, Conn., polled 1,200 students-seventh-graders through college seniors-last June. Each respondent had at least one parent earning more than $40,000 a year, the pollsters said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.