Teens were affected by the recession.
That’s a fact verified by the Teens & Money Survey, reflecting data on 16-18 year olds, which was released last month by Charles Schwab & Co.
There were some positives under that umbrella fact: teens are more grateful for what they have; they know the importance of having emergency savings; they learn how to manage money from their parents.
But 80% of these teens want to know more about money management. Do you see the teachable moment here for parents? Ask yourself: Does my teen know how to write a check? balance a checkbook? understand how a credit card works?
Click for specific data: http://www.schwabmoneywise.com/cms/P-4192268.0/110526-SCHWAB-TEENSMONEY.pdf?cmsid=P-4192268&cv1
Dr. Mary Manz Simon's Blog 