Are Your Kids "Normal" About Money?

REWahoo

Give me a museum and I'll fill it. (Picasso) Give
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Jun 30, 2002
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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. ;)

http://money.cnn.com/2005/11/22/pf/plan_kids_0512/index.htm

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%


ANSWER: A. 1%


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
 
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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