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?
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?
D. 5%, and that's my final offer
ANSWER: B. 22 percent.
5. What percentage of kids under age 10 have cell phones?
ANSWER: A. 1%
6. What percentage of 13- and 14-year-olds own stocks in their own name?
ANSWER: D. 25%.
EXTRA CREDIT: How much is the Tooth Fairy shelling out these days for each tooth left under the pillow?
ANSWER: C. Around $2 a tooth, or more precisely, $1.78