Personal Finance

How to Raise Money-Smart Children

March 15, 2018
Positive money behaviors can be fostered by modeling good habits, and doing so can help build financial independence for your children.

Key Points

  • T. Rowe Price's 2017 Parents, Kids & Money Survey states that 23% of parents talk to their children at least weekly about financial topics.*
  • Children feel smarter about money after discussing financial topics with their parents.
  • 68% of parents allow their children to manage their own money.

* The survey sampled 1,014 parents of 8 to 14 year olds nationally and their kids.

Next Steps: