Parents Concerned About Lack of Financial Education in School

August 30, 2023 | djournal.com

New research indicates that over a third of parents (38%) are concerned that their child does not understand the value of money. The survey, conducted by OnePoll for BOK Financial, reveals that almost one-third of parents (29%) believe their child does not receive adequate financial education in school.

A recent survey among 2,000 parents of children aged 5-17 examined the importance of early financial education. The survey found that most parents (82%) believe financial responsibility should begin at home. In fact, they agree that the average age at which money habits begin to form is 15 years old. At 15 years old, teenagers will likely get summer or part-time jobs while in school, and this is often when young adults begin to earn their own money.

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