A poll of 500 elementary school-aged children and their parents revealed that 41% of children had not been taught how to spend money. Additionally, nearly half (47%) had not learned how to give money to help people.
Findings from the Junior Achievement-Jackson Children’s Financial Literacy Survey revealed that 33% of youngsters haven’t been taught how to get or earn money.
41% of young families (Millennials) had a student debt in 2013, up from 17% in 1989 and the amount owed on those loans has almost tripled.
1 in 3 young Americans (Millennials) lives with a parent or parents. Of those, 1 in 4 does not work or go to school.
According to a study on Millennials, between 1975 and 2016, the number of young female “homemakers” dropped from 43% to 14%.
“I’ve got to get this for my kids!”
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“Designed to take the effort out of convincing your children to run errands, BusyKid is a new online tool to help you keep track of family chores and to reward your offspring on a job well done”
“More than 80% of survey respondents who pay an allowance say they want to teach their child the value of money and financial responsibility.”
“Some 68% of U.S. parents say they pay an allowance to their children, at an average rate of $67.80 per month, according to a 2016 survey of 1,005 adults by the American Institute of CPAs.”