New research shows how well families prepare kids from piggy banks to portfolios
The survey found 53% of parents and grandparents say children are less prepared to manage money, while 53% have never opened investment accounts.
- On Thursday, Wealth Enhancement released survey results showing 53% of parents and grandparents believe children today are less financially prepared than previous generations were growing up.
- Grandparents and Baby Boomers expressed the most concern at 61%, while Millennials were significantly less likely to share that view, according to the 1,000-respondent survey.
- Avoiding impulse purchases ranks as the hardest money lesson to teach, cited by 56% of respondents; 63% of adults provide allowances averaging $18 per week.
- Despite preparedness concerns, 53% of respondents have never opened investment accounts for their children, a gap Wealth Enhancement CFP Chloé Briel attributes to digital-first spending challenges.
- Briel recommends families focus on long-term planning strategies, including 529 plans for estate transfers, to help children build stronger financial habits and confidence managing money.
12 Articles
12 Articles
New research shows how well families prepare kids from piggy banks to portfolios - The Mexico Ledger
New research shows how well families prepare kids from piggy banks to portfoliosMore than half of parents and grandparents say that kids today are less financially prepared than they were growing up. A survey of 1,000 U.S. parents and grandparents finds shared cross-generational concerns about their kids’ financial preparedness. But the results also show striking differences around beliefs for how to best equip kids, including setting up investm…
New research shows how well families prepare kids from piggy banks to portfolios - Seward Independent
New research shows how well families prepare kids from piggy banks to portfoliosMore than half of parents and grandparents say that kids today are less financially prepared than they were growing up. A survey of 1,000 U.S. parents and grandparents finds shared cross-generational concerns about their kids’ financial preparedness. But the results also show striking differences around beliefs for how to best equip kids, including setting up investm…
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New research shows how well families prepare kids from piggy banks to portfolios
Wealth Enhancement reports that over half of parents and grandparents believe children today are less financially prepared than past generations.
New research shows how well families prepare kids from piggy banks to portfolios - Stateline Publications
New research shows how well families prepare kids from piggy banks to portfoliosMore than half of parents and grandparents say that kids today are less financially prepared than they were growing up. A survey of 1,000 U.S. parents and grandparents finds shared cross-generational concerns about their kids’ financial preparedness. But the results also show striking differences around beliefs for how to best equip kids, including setting up investm…
New research shows how well families prepare kids from piggy banks to portfolios - Hillsboro Sentry Enterprise
New research shows how well families prepare kids from piggy banks to portfoliosMore than half of parents and grandparents say that kids today are less financially prepared than they were growing up. A survey of 1,000 U.S. parents and grandparents finds shared cross-generational concerns about their kids’ financial preparedness. But the results also show striking differences around beliefs for how to best equip kids, including setting up investm…
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