Take It to the Piggy Bank

" 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 a great -- at the mall that you couldn't afford right now what would you do. -- 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 -- Mackey is the founder of prosperity for kids dot com waited to see -- again. Were you surprised -- the results I know John who has. Almost four teenagers three in almost a teenager and his -- planet is was flabbergasted by the result of -- saying that my kids are better at saving and I am."

" He and kids there amazingly don't give them credit they deserve and -- as a kid seventeen and I'm there. Are more likely to say even the reason -- because they don't have 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 them math and -- and thirty in all -- need to get stuck in that rat race and -- don't have. So this survey is right I'm -- kids younger they had electricity have a hundred dollars and night it was a 110. You have to save the extra -- dollars you don't have the access to -- this."

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

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

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