Today’s parents are raising a financially-savvy bunch.
Financial education site DoughMain surveyed 2,034 parents with kids ages 4-18 and found more than 63% of kids today have a savings account, with parents opening 73% of those accounts when the child was 3 or younger. Nearly half (42%) of the parents said they’ve added money to those accounts on a monthly basis.
We’re guessing the parents are teaching their kids to think long and hard about they’ll spend all that cash. 70-two per cent of children surveyed said they save with an actual goal in mind, whether it’s to buy video games, toys or put themselves through college, DoughMain said.
See more of the encouraging findings below, along with some tips to teach your kids about money: