- Nearly half stated they earned money before or in elementary school, primarily mowing lawns or babysitting.
- 9 in 10 respondents had paying jobs in high school, primarlily in mowing lawns, babysitting, retail and restaurants and mowing lawns.
- Majority of earnings in High Schoolwere mostly used for entertainment, eating out or car related expenses.
- Most were not very prepared to manage money after high school.
- Most were responsible for paying their way through college.
- Less than half were very prepared to manage money or to save after college.
- 1 in 3 ran into early credit card problems.
- More than half with children between the ages of 4 and 18 talk a lot about the value of money, living within their means, saving and helping the less fortunate.
- Most said schools do a better job teaching about anti-drug programs than about financial responsibility.
The blog goes on to suggest that more school are integrating financial literacy into the curriculum. As for what you can do to teach your kids yourself, involve your chidlren in conversations about money and invest in financial literacy games. From Disney’s The Great Piggy Bank Adventure to a whole host of otheronline financial literacy games endoresed by the Wasthing Department of Financial Institutions, there are plenty of options to explore.
