Is Your Teen Financially Fit?

Is Your Teen Financially Fit?
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Carrie Schwab-Pomerantz
Updated:

Dear Parents of Teens: The pandemic has changed our everyday reality in so many ways—financially, educationally, and socially. Money may be tighter. Kids may be doing online school. And we’re all spending a lot more time at home.

But for all the changes in our lives, according to a recent Schwab survey, there’s one thing that hasn’t changed for a lot of people: the importance we place on financial education. In fact, parents who took the survey rated money management as the most important skill for their kids to learn—outranking health and wellness education as a supplementary graduation requirement to math, English, and science.

Carrie Schwab-Pomerantz
Carrie Schwab-Pomerantz
Author
Carrie Schwab-Pomerantz, a certified financial planner, is president of the Charles Schwab Foundation and author of "The Charles Schwab Guide to Finances After Fifty."
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