Take It to the Piggy Bank

" No reason to hope for economic turnaround a new survey finds that kids seventeen and younger are better with their finances than the rest of us over thirty take a look at these numbers. The researchers asked kids here's the question if he spotted -- at the mall that you couldn't afford right now what would you deal. -- 57%. That's the number on the right there. 57% of the kids said they would put aside money each month until they could have been telling had enough to buy it rather than just using a credit card and paying later 42%. That's the number of people over thirty who said they would do something so responsible. Our next guest her career is committed to educating kids about money Laurie -- is the founder of prosperity for kids dot com waited to see again. Were you surprised by the result I know John who has. Almost four teenagers three in almost a teenager and a tort -- is was flabbergasted by the result of that thing that my kids are better at saving than I am."

" He and kids there amazingly -- give them credit they deserve and you show as a kid seventeen and I'm there. Are more likely to say given the reason is because they don't have and then access to credit cards and loans and heating and dances and things like that so that's who we should be teaching them about money give -- math and -- and thirty in all of Latin name get stuck in that rat -- spending money they don't have. Says this survey is right on -- kids younger they have electricity have a hundred dollars and nine and 110. You have to save the extra -- dollars you don't have the access to tap into this."

" Really understand want to put up -- kind of graphic on the screen for our viewers what this study looked at during the forties they found in the personal savings rate about 25%. That's toward left inside your screen in the United States around the war. But between 05 an oh -- the rate was the 1% and in some quarters dropped into the may give numbers though we're seeing the savings rate increase. A little bit now. Hi does that mean our next generation is going to either going to be better savers. "

" You know -- I mean if it's something that our kids are realizing what's happening now not down they know exactly what's happening. And it Thomas liked it's true now it's it's safer to save your money and it's important that we teach our children and it's arcade is saying and a lot of children thinking save your money to then Pratt is spend it later but we will be peace and these same day. For emergency signal timing of when you might --"

" It -- and most importantly -- I know you say that kids will do with the parents do so watch your habits Laurie -- prosperity for kids dot com Laurie thank you. Some good lessons -- for all of us have about Q are you haven't some."