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Are Your Kids "Normal" About Money?
Old 11-23-2005, 07:27 AM   #1
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Location: Texas Hill Country
Posts: 39,169
Are Your Kids "Normal" About Money?

From Money Magazine, a quiz for all you parents about your kids and things financial. I know the answers don't appy to the children of the nickel sqeezers financially astute folks on this board, but thought it interesting to see how those "other people" live.

1 At what age do children start to develop "brand loyalty"?

A. Six months old
B. Two years old
C. Four years old
D. Seven years old

ANSWER: B. Two years old.

2 The typical American "tween" -- marketer-speak for the nine-to-14-year-old crowd -- gets how much for an allowance each week?

A. $5.45
B. $7.22
C. $9.15
D. $24.45

ANSWER: C. $9.15.

3. High schoolers with jobs typically work how many hours a week?

A. 7 hours
B. 12 hours
C. 20 hours
D. 30 hours

ANSWER: C. 20 hours.

4. What proportion of teenagers don't know that loans need to be repaid with interest?

A. 35%
B. 22%
C. 12%
D. 5%, and that's my final offer

ANSWER: B. 22 percent.

5. What percentage of kids under age 10 have cell phones?

A. 1%
B. 7%
C. 12%
D. 26%


6. What percentage of 13- and 14-year-olds own stocks in their own name?

A. 2%
B. 5%
C. 15%
D. 25%

ANSWER: D. 25%.

EXTRA CREDIT: How much is the Tooth Fairy shelling out these days for each tooth left under the pillow?

A. 50˘
B. $1
C. $2
D. $5

ANSWER: C. Around $2 a tooth, or more precisely, $1.78

Numbers is hard.

Retired in 2005 at age 58, no pension

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Re: Are Your Kids "Normal" About Money?
Old 11-24-2005, 10:53 PM   #2
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Re: Are Your Kids "Normal" About Money?

Thanks ... just read this with my 14-year-old ... it was good for him to see. He's a very sharp guy, but still learning of course.
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