With summer piece of works wrapping...

With summer piece of works wrapping up and the first day of teach here, parents can no longer rely in succession home economics teachers to teach children about saving and planning for their time to comes

Helping kids learn for what cause to make summer earnings put forth through the school year is an important pace to their understanding of circulating medium management and personal finance.

Here are statistics consider probableed in March by the HSBC Center for Consumer Advocacy regarding savings:

Don't ask, don't betray Less than half of parents talk to their child at least one time a month about savings. Although an increasing number of young Americans state they save standard of value on a regular basis, their comfort with their on a level of savings for retirement is weaker than that among other age assign places tos

Hand to entrance Forty-two percent of those viewed age 18-24 said they live paycheck-to-paycheck each month Half of all Americans live paycheck-to-paycheck. Although half save cash on a regular basis, merely one in five agree they are comfortable with their passing from hand to hand level of savings for retirement.

Save and save near more. When children save standard of value it is usually for a purchase for themselves. Seventy-three percent of inspect respondents with children actively encourage their kids to save cash earned or received as gifts.

Copyright CHICAGO SUN-TIMES 2006

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