Do Your Kids Make Smart Money Choices?

Do you talk to your kids about their spending habits? Are they saving money? Using financial technology? Whether you have a child that is just learning the value of coins and paper money or a teen that is beginning to think about saving for a car, it’s never too early or too late to start teaching them about money management.

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Do your kids make smart money choices?

• 91% of teens say that they have sought financial advice¹
  • 72% from their parents or guardians¹
  • 33% from online sources such as social media and YouTube¹
• 94% of parents believe that children should start learning about personal finances by the age of 12²
  • 67% should start learning by 5- to 8-years old²
  • 27% should start learning by 9- to 12-years old²
• 73% of teens consider the cost of an item before making a purchase³
• 48% of teens use online or mobile apps to manage money⁴
• 83% of teens say they are saving money³
• 41% of teens identified NOT having savings for an emergency as a top concern⁵
• 54% of teens are concerned about being able to pay for college¹