A teachable moment

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

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