Kids & Money: What Parents Need to Know - JA In The News | Junior Achievement of Dallas

JA is Really Newsworthy!

Local News Coverage Highlights

Thank you to these outlets for helping spread the good work JA Dallas is doing!

OffBeat Business Media: Seated2Serve Podcast - Interview with Jan Murfield

Toyota & The Dallas Morning News - JUNIOR ACHIEVEMENT AND TOYOTA ARE PREPARING NORTH TEXAS KIDS FOR SUCCESSFUL FINANCIAL FUTURES

RowlettLakeshoreTimes - Junior Achievement of Dallas receives national honor

The Scott Murray Show: Relationship Roundtable - Interview with Jan Murfield, Sabih Khan, and Jaylen Freeman (this link will trigger a download of the interview to your computer - look to the bottom of your browser for the file)

1080 KRLD News Radio - Interview with Bobby B. Lyle; Interview with John C. Goff; Interview with Mitch Hart

« Back

Kids & Money: What Parents Need to Know

How well does your child understand money? Junior Achievement USA surveyed 500 children between the ages 7-10 and the children’s parents to uncover how children interpret the value of money, how it is acquired, as well as what their parents think about money education for their student.

Of the 1,000 responses, JA was able to uncover 3 main findings.

1. Most Children Understand How Money is Earned 

The majority of the 500 children who responded had accurate expectations of how money is earned. In all, 91% believed people earn money by working, 40% thought money came from parents, 26% thought money was earned (by means other than working), while 4% believed money grew on trees.

2.Children Are Getting Hands-on Experience with Saving           

The majority of the kids had hands-on experience with earning their own money at home. Of the 500 students, 82% of the children stated that they earned an allowance for doing chores, getting good grades, doing homework or simply being kind to others at school and at home. Through this hands-on approach, most of the children in this study were knowledgeable about the basics of money, including how to count and save money.

3.Parents Feel Learning about Money should Start Early

  • When it comes down to parents’ expectations of their children and finances, 94% of parents believed that by the age of 12 a child should start learning about personal finances. While the majority of parents (92%) are leading by example by saving money for emergencies, college tuition, and retirement; many children still seem to lack the understanding of savings, interest and smart spending.

 

Want to read the full report? Click HERE

 

Comments
Trackback URL:

No comments yet. Be the first.
  • "In 4th grade, I learned about being an entrepreneur. I now own my own vending machine company, which helped me earn money to help buy our family dog."

    -Mathews Elementary Student, Plano ISD
  • "I learned that companies are looking for candidates who show they are ready to work hard and have a solid résumé."

    -Kimball High School Student, Dallas ISD
  • "When the business people come in and work with our students, it gives students a real life application and how it relates to their future."

    -Townley Elementary Principal, Irving ISD
  • "Starting with elementary school Junior Achievement I remember it being one of the best parts of the year. I got to have someone new come in and share about their life and how my future could be successful too!"

    -Alum & Volunteer
  • "That experience impacted the trajectory of my career. Today, I owned a 13 year old marketing consulting and coaching firm. Thank you JA for exposing me to my destiny."

    -Alum
  • "We not only make their lives better, but we potentially enrich all of our own lives."

    -Donor

Get Involved!

Junior Achievement
of Dallas

Donate Now    Volunteer    Request a
Program