T. Rowe Price: Kids Who Get An Allowance Are More Money Savvy Than Those Who Do Not

  • 9 years ago
August 27, 2015 /3BL Media/ - T. Rowe Price’s 2015 Parents, Kids & Money Survey revealed that having conversations with kids about money is critical to raising financially savvy kids. There is also a significant benefit in letting kids experience money, and providing an allowance is one way to do that. Parents who combine conversations with experiential learning are most likely to have financially smart kids.

T. Rowe Price encourages parents to invest in their kids' futures by talking to them about money matters weekly. To help, the firm created MoneyConfidentKids.com, which provides free online games for kids, lessons for educators, and tips for parents focused on financial concepts such as goal setting, spending versus saving, inflation, asset allocation, and investment diversification.

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