Question of the Day: What percent of teens started saving money by age 12?

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May 12, 2020
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Question of the Day, Savings, Research

Answer: 56%

From Lexington Law & TD Ameritrade Summer Jobs and Internships Survey: 

"Teenagers are smart and they’re learning from the struggles of those that came before them. With this in mind, we can see they’re opening their financial horizons by both earning and saving earlier in their lives."

Questions

  • What do you think are some of the benefits of saving?
  • Are you currently saving? Why or why not?
  • Do you have any savings strategies or habits that work for you?
  • Amazon’s “one-click” button and having a debit card instead of physical cash definitely makes it easier to spend. How often do you find yourself spending money you wish you had saved?

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

From the Archives:

In 2014, only 38% of teens had started saving!

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Want to find all the NGPF Saving resources in one place? Check out our Saving Unit page and find a bunch of ideas you can use (in minutes)!

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About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.