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

JA is Really Newsworthy!

« 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


Trackback URL:

No comments yet. Be the first.

JA News and Announcements

JA News

Press Releases

JA USA® Press Releases




  • "The moment I saw my daughter's eyes light up when she realized what she had learned in school was being applied at JA BizTown was the moment I saw how important JA was to her and me. We love JA."

    -Junior Achievement Parent
  • "All the students were engaged and active during the JA Program. They felt part of a community, and visualized their future as valuable citizens."

    -Junior Achievement Educator
  • "Teaching Junior Achievement has been the most rewarding thing I've done in my children's schools."

    -Junior Achievement Volunteer
  • "The Junior Achievement curriculum has provided real life, hands on experiences for our students."

    -Junior Achievement Educator
  • "Junior Achievement helped me develop the knowledge and confidence I needed to build a rewarding professional and personal life."

    -Junior Achievement Alumnus
  • "Through my volunteer experience with Junior Achievement, I realized the important role mentors play in the lives of young people in our community."

    -Junior Achievement Volunteer
  • "It (Junior Achievement) opens kids' eyes to what is going on in the rest of the world and the global marketplace, preparing them for life after school."

    -Junior Achievement Educator

Get Involved!

Junior Achievement
of Southeast Texas

Donate Now    Volunteer    Request a