Financial Literacy Through Edutainment educates children 6-12 and 13-18 and provides them with the skills they needs to become financially
responsible adults. We accomplish our mission by using entertainment to present key concepts, so that children enjoy developing their financial skills.
For children without savings accounts, their money is most frequently saved in a piggy bank, bonds/CDs, or checking accounts.
63% of kids 18 and under have savings accounts, and 73% of those savings accounts were started before the age of three.
69% of parents said they believe they are doing enough to teach their kids about personal finance and money management.
51% of parents give their children allowance, but only 4% require them to deposit that money into a bank account.
81% of parents feel it is their responsibility to teach their kids about money and savings.
More than three in five families with children under the age of 18 (62%) have talked about money matters within the past week.
In all, 84% of families with kids under the age of 18 have had financial discussions and more than half of those (56%) were initiated by kids asking questions about money.