Parents, if you have a teenager, does this sound familiar?
You’re out and about, you spot a fancy coffee shop, and your kid actually BLOCKS you from going inside and says, “Let’s just save that money!”
Wait a minute… since when did the teenager become the voice of financial reason?
Well, apparently, it’s happening more than you think.
A new survey found that 46% of parents with kids between 13 and 17 say their teenager is actually MORE financially responsible than they are.
36% say their teens save more money, 34% say they’re better at sticking to a budget, and 31% say they’re better at deciding between wants and needs.
And 89% of teenagers say THEY are financially responsible. Although, 64% have never even stepped foot in a bank by themselves. But that’s probably more about the times we live in and the convenience of banking apps.
Overall, 93% of teens earn money somehow, and nearly half of them save close to 50% of what they make.
So maybe the next time your teenager tells you that you can’t afford the fancy cup of coffee, listen up.
They might be financially smarter than you are.
Of course, if they’re THAT good with money, maybe it’s time they start paying the electric bill!
