top of page
a1439bec-fdaf-48dd-af90-286b669ef678.png

Your Voices, Our Takeaways

  • Writer: Mahima Ramachandran
    Mahima Ramachandran
  • Sep 27
  • 1 min read

During Summer 2024, I surveyed 44 students (ages 13-19) from six countries to understand their familiarity, practice, and confidence with personal finance. When starting this initiative, it was crucial to find the understanding gaps in teens with personal finance. From the 15 questions we asked, we learnt a lot about the levels of understanding and engagement in personal finance from this age demographic. Below are our most significant key takeaways:

  1. 90.9% (40/44) of teens believe it is very important for them to learn to manage their finances independently as an adult.

  2. 84.1% (37/44) of teens do not discuss personal finance with their friends.

  3. 50% (22/44) of teens believed investments and stocks were the most important financial topics they wanted to learn.

  4. In relation to the question above, 77.3% (34/44) of teens did not own stocks of their own. This explains the gap in understanding how to invest.

  5. However, 61.4% (27/44) of teens stated that they did have their own bank account.

  6. 75.0% (33/44) of teens stated that they did have their own financial goals for the coming year. (We listed examples such as: saving for something specific or learning to budget)

Check out the graphs of our data below.



Comments

bottom of page