Youth & Money
Facts About Kids & Money
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• 74% give allowances, 66% of those that give allowances
tie them to chores, 54% of those that give allowances require their kids to save
a portion.
• Pre-teens (ages 8-12) spend $19.1 billion annually,
or $946 per capita.
• Businesses spend an estimated $13 billion a year
marketing food and drinks to U.S. children and their parents.
• Children in the United States watch an average
of three to four hours of television a day and view an estimated 3000 commercials
a month.
• Average number of shopping days a year for kids:
over 200.
"If we aren't careful, our children
will come down with 'affluenza,' a disease that causes them to confuse wants and
needs. We need to teach our children what my grandmother taught me: Think twice
about spending money you don't have on things you don't need to impress people you
don't like anyway." - Michelle Singletary,
Washington Post syndicated personal-finance columnist
Coin Poem
Penny, penny,
Easily spent
Copper brown
and worth one cent.
Nickel, nickel,
Thick and fat,
You're worth five cents.
I know that.
Dime, dime,
Little and thin,
I remember,
You're worth ten.
Quarter, quarter
Big and bold,
You're worth twenty-five
I am told!
