Most Teens Are More Fiscally Responsible Than Their Parents
Why do most teens get a job? So they can earn money and spend it, right? Well, evidently not.
A new survey conducted by TD Ameritrade Holding Corp. shows that 63 percent of teens save their money to help pay for college. This is much higher than our parents’ generation. Only 40 percent of the generation before us saved money when they were teens. This finding was somewhat unexpected. Most adults assume that if teens are actually saving their money, they will spend it on the latest fashions, entertainment, or electronics.
In response to the new trend, Joseph Peri, CEO of the Council for Economic Education, said “it’s a pleasant surprise that we’re seeing young people paying that much attention to the importance of this issue. Part of teaching the importance of investing is showing that the best investment a young person can make is an investment in themselves.” Read the rest of this entry »
posted on October 17th, 2009 by Kelsey
Tags: college money, save money, teens
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