Teens and money…

Last Thursday we participated in Glenelg High School’s Money Management Day 2010.  What a great event for the juniors and seniors at GHS!  Interesting facts, too…

Out of those we surveyed,

  •  86% said that they get most of their information about money from their parents, 
  • only 14% had access to a credit card yet, and
  • on average, they thought their parents would stop supporting them financially at age 21. 

Only about 1/3 of the kids we surveyed had been taught to use a checkbook or had seen a credit card statement or credit report.    Having a basic understanding of personal finance is a key to success.   So while we focus on integrating personal finance into coursework at school, we need to also be sure that parents are prepared to talk to their kids about money.

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